Syria's Energy Comeback Could Reshape Middle East Oil and Gas
Dips Into Strategic Oil Reserve Again Amid Supply Disruptions NASA's solid-state battery survived minus… Investors should consider taking profits… Felicity Bradstock is a writer and journalist based in Mexico City.
She writes for energy websites and covers several other industries, as well as writing… Syria is undergoing countrywide reconstruction after more than a decade of conflict, which caused extensive infrastructure damage and led to millions of people being displaced.
As Syrians rebuild their lives, the government has big plans for economic diversification and growth to support long-term recovery.
Thanks to its favourable geographic position, this includes the development of a strong energy sector that could help eventually establish Syria as a regional hub.
Syria is now led by President Ahmed al-Sharaa, who formed a transitional government on March 29, 2025, following the end of the Assad regime.
The government has introduced a wide range of policies and reforms over the past year, across all sectors, aimed at improving living standards and supporting economic growth.
Thenational strategyfocuses on institutional reorganisation, security integration, economic stabilisation, and transitional justice ahead of planned national elections in 2030.
The transitional government has taken control over Syrian energy, including the Omar oil field and Tabiyeh gas complex.
This follows over a decade during which Syria’s energy sector was split, with Damascus situated far from the country’s oil-rich northeast.
For years, while the government still oversaw gas output in the country’s central region, it lost control of some of the country’s largest production sites.
A 2026 agreement between the transitional government and the Kurdish-led Syrian Democratic Forces (SDF) provides the potential to integrate SDF forces into state structures, which could further unify energy governance.
Meanwhile, the lifting of United States and European Union sanctions on Syria, following the fall of the Assad regime, and the relaunch of the SWIFT transfer system have made it easier for international companies to invest in Syria.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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