Syria aims for oil self-sufficiency by 2028, says energy minister
Syria's energy minister says the country expects to achieve oil self-sufficiency by 2028 and reach satisfactory gas output levels within seven years.
Syria's energy minister, Mohammed Al-Bashir, revealed ambitious plans to achieve oil self-sufficiency by 2028 and satisfactory gas output within seven years. The country currently imports 200,000 barrels of oil daily, with domestic production at 112,000 barrels per day. Al-Bashir stated that the Syrian government is seeking to sign contracts with friendly oil-producing nations to bridge the gap.
The nation requires $831 million monthly to cover crude oil and petroleum product imports, a burden exacerbated by the global energy crisis. Despite this, electricity remains subsidized for households, industry, and commerce, with subsidies covering 75% for the first tier, 42% for the second, 30% for exempted lines, and 26% for industrial and high-voltage users.
For gas, Syria currently imports 6.3 million cubic meters daily—valued at $140 million per month—from Azerbaijan and a vessel docked at Jordan's Aqaba port. The energy minister disclosed that the ministry has signed a memorandum of understanding with an international consortium of companies to replace the Kirkuk–Baniyas pipeline in conjunction with Iraq.
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