Syria exported 600,000 barrels of heavy crude oil from Tartus port on 1 September, marking its first official shipment in 14 years, reported Syria's Enab Baladi.
The crude was shipped aboard the Nissos Christiana tanker on behalf of B Serve Energy, a firm linked to global trader BB Energy. The Tartus governorate said the move aims to strengthen Syria's presence in global oil markets.
Riyad Joubase, deputy director of the Oil and Gas Directorate, called the shipment a 'takeoff' for Syria's oil industry. The country last exported oil in 2010, when daily output averaged 380,000 barrels.
Most Syrian oil fields lie in the northeast, controlled by the Syrian Democratic Forces. Although the SDF began supplying oil to Damascus in February, relations have since deteriorated over minority rights concerns.
Control of oil fields shifted repeatedly during the war, and US and European sanctions hindered legal trade. Sanctions remained in place for months after the fall of Bashar al-Assad's regime in December 2024.
In June, former US President Donald Trump lifted sanctions, allowing US firms to draft plans for oil and gas development. syria also signed an US$800 million memorandum with DP World to manage a multipurpose terminal in Tartus.
At the Damascus International Fair, Syria's Ministry of Energy showcased oil and gas blocks to attract investment. On 2 September, Syrian officials met with four Saudi firms to advance cooperation and begin field development.
SeaNews Turkey
The crude was shipped aboard the Nissos Christiana tanker on behalf of B Serve Energy, a firm linked to global trader BB Energy. The Tartus governorate said the move aims to strengthen Syria's presence in global oil markets.
Riyad Joubase, deputy director of the Oil and Gas Directorate, called the shipment a 'takeoff' for Syria's oil industry. The country last exported oil in 2010, when daily output averaged 380,000 barrels.
Most Syrian oil fields lie in the northeast, controlled by the Syrian Democratic Forces. Although the SDF began supplying oil to Damascus in February, relations have since deteriorated over minority rights concerns.
Control of oil fields shifted repeatedly during the war, and US and European sanctions hindered legal trade. Sanctions remained in place for months after the fall of Bashar al-Assad's regime in December 2024.
In June, former US President Donald Trump lifted sanctions, allowing US firms to draft plans for oil and gas development. syria also signed an US$800 million memorandum with DP World to manage a multipurpose terminal in Tartus.
At the Damascus International Fair, Syria's Ministry of Energy showcased oil and gas blocks to attract investment. On 2 September, Syrian officials met with four Saudi firms to advance cooperation and begin field development.
SeaNews Turkey
