Energy

600,000 barrels of crude oil depart from Tartous port. (L24)

Milestone for Syria’s recovering economy marked by first oil export

3 September 2025. Syria re-entered the global oil market with its first export after a 14-year hiatus. With the shipment of 600,000 barrels of heavy oil from Tartous port, the readiness of the oil transport system was confirmed. Despite remaining obstacles, the move represents a significant boost in revitalizing the oil sector and securing needed capital. With new international partnerships, including an $800 million agreement with DP World, the groundwork is being laid for enhancing export capacities.Read more at: LEVANT24

Signing ceremony for investment agreements at People’s Palace in Damascus, August 6, 2025. (Izz Aldien Alqasem – Anadolu Agency, on MEM, 6 August)

Foreign investments provide massive injection for Syria’s recovery

6 August 2025. The formal lifting of US sanctions paved the way for signing investment agreements valued at $14 billion, spread among 12 strategic areas including infrastructure, transportation, and real estate. The head of the Syrian Investment Authority, Talal al-Hilali, called the agreements a ‘turning-point’ for Syria’s future. They include redeveloping Damascus International Airport to boost tourism, trade, and regional connectivity, reconstructing ports, and constructing a subway in Damascus.Read more at: ALJAZEERA

Ministers from Syria, Turkey, Azerbaijan, and Qatar inaugurate a landmark gas pipeline. (L24)

Gas pipeline boosts Syria’s recovery along with regional solidarity

5 August 2025. Syria, Turkey, Azerbaijan, and Qatar cooperated in launching a natural gas pipeline supplying Azerbaijani gas to Syria via Turkey, funded by Qatar. Completed in record time, the project aims to revitalize Syria’s economy by improving the electricity supply for rebuilding the economy and people’s lives. The leaders hailed the project as a strategic step toward peace, stability, security, mutual trust, and cooperation, in place of division.Read more at: LEVANT 24

Saudi Investment Minister, Khalid Al Falih, led a 130 member delegation at landmark Saudi Syrian Investment Forum. (SANA)

Over $6 billion in investments pledged for Syria’s economic revival

28 July 2025. The Syrian-Saudi Investment Forum held in Damascus, under President Ahmad al-Sharaa’s patronage, is expected to have transformative impacts on Syria’s economy and society. The forum saw the signing of 47 agreements worth over $6 billion, spanning sectors ranging from energy, tourism, and infrastructure to agriculture, administration, and upgrading airports. The Saudi Minister of Investment, declared, “We are not building new bridges, we are reinforcing ancient ties.”Read More at: SANA

Signing of a Memorandum of Understanding between the UAE and Syria to build Damascus Gateway media city. (L24:Social Media, July 2nd)

Race to overcome years of destruction with international cooperation

1 July 2025. In a period of 48 hours, Syria signed three major agreements with international firms to accelerate its recovery. The most ambitious is the “Damascus Gateway” city, intended to become a regional and global hub for media, the arts and tourism, with initial investment from the UAE. Agreements were also signed with a US company to build two solar power stations, significantly increasing the power supply, and with a French company to restore 37 bridges that will ease movement between regions. Read more at SANA

Syrian President Ahmad al-Sharaa and Foreign Minister Asaad al-Shaibani, look on as the Ministry of Energy sign a memorandum of understanding (MOU) with international companies to enhance investment in the energy sector. (Photo from SANA website 29 May 2025)

Global companies sign agreements to invest in Syria’s energy sector

29 May 2025. Syria’s Ministry of Energy has signed agreements with a number of international companies that will boost economic development and accelerate reconstruction. The energy minister called the meeting an historic moment and a turning point for the country. Read more at: Sana

President al-Sharaa attends the signing ceremony of a memorandum of understanding between Syria's energy ministry and the consortium formed by Qatar’s UCC Holding to promote investment in the energy sector. (Reuters photo on English Al Arabiya website 29 May 2025.)

Syria signs a $7 billion deal to double its electricity supply

29 May 2025. The Syria Power Revival Initiative, a multi-national consortium of companies from Qatar, Turkey, and the US, aims to double the energy supply in a nation facing devastating shortages. With solar farms and gas turbines, it could create as many as 250,000 jobs. Read more at: Alarabiya English

New Face of Syria