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Syria Oil & Gas News Monitoring

  • Published on 19:25 GMT

    From Gaza's famines to untapped energy reserves?

    IN the Netanyahu Cabinet's geopolitics, the abject devastation of Gaza seeks not only to "pacify" the coastal strip, but to ensure Israel access to untapped energy reserves and to pave the way for the construction of a possible alternative to …

    Source: The Manila Times - Indeterminate
  • Published on May 31, 2025

    Saudi foreign minister arrives in Syria to discuss boosting economic ties

    Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan arrived in Damascus on Saturday, leading a high-level delegation that aims to strengthen ties as war-torn Syria prepares for an economic opening with the expected lifting of sanctions. Prince Faisal …

    Source: The National News - Pro-Government
  • Published on May 31, 2025

    600 billion pounds wasted due to corruption in Homs, Baniyas refineries: Documents

    Documented reports and authenticated documents reveal that more than 600 billion Syrian pounds were classified as "systematic corruption" at the Homs and Baniyas refineries, through organized smuggling of diesel fuel under the cover of using VGO. …

    Source: Zaman Al Wsl - Indeterminate
  • Published on May 31, 2025

    Syria sanctions lifted after decades

    On May 23, 2025, the Office of Foreign Assets Control (OFAC) issued General License 25 (GL 25), authorizing transactions prohibited by the Syrian Sanctions Regulations, effectively lifting sanctions on Syria. This comes 10 days after President Trump’s …

    Source: JD Supra - California - Neutral
  • Published on May 31, 2025

    Rules in Motion, May 2025 - U.S. Issues Broad Sanctions Relief for Syria

      On May 23, 2025, the U.S. Treasury’s Office of Foreign Assets Control (“OFAC”) issued Syria General License 25, which provides broad authorization for U.S. persons to engage in dealings prohibited under the Syrian Sanctions Regulations. Although GL 25 …

    Source: JD Supra - California - Neutral
  • Published on May 30, 2025

    Syria-ous Changes for Middle East Business? The United States, UK, and Europe Relax Sanctions on Syria

    In a significant shift in international policy, the United States, European Union, and United Kingdom have each taken steps to ease sanctions on Syria, aiming to support the country’s reconstruction and political transition following the fall of the Assad …

    Source: National Law Review - Neutral
  • Published on May 30, 2025

    U.S. Government Eases Some Restrictions on Syria

    On May 23, 2025, the U.S. Treasury Department, Office of Foreign Assets Control (OFAC) announced several actions to provide sanctions relief to Syria. OFAC is the primary government agency responsible for administering U.S. economic sanctions. The measures …

    Source: GovCon &Trade - Pending
  • Published on May 30, 2025

    US Provides Broad Sanctions Relief to Syria

    On 23 May 2025, the United States provided broad sanctions relief to Syria and the new Government of Syria under President Ahmed al-Sharaa. While speaking at an investment forum in Riyadh, President Trump announced his intentions to lift sanctions on Syria …

    Source: National Law Review - Neutral
  • Published on 15:04 GMT

    Dissolution of the PKK and new perspectives

    The dissolution was therefore ratified at an extraordinary congress on May 12, held in two different locations (one can never be too careful...). This is the culmination of a 25-year quest for a political solution to the Kurdish question. A decades-long …

    Source: International Viewpoint - Pending
  • Published on May 30, 2025

    US Lifts Most Sanctions on Syria

    On May 23, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Syria General License 25 (GL 25), effectively lifting most sanctions imposed under the Syrian Sanctions Regulations (SSR) (31 C.F.R. Part 542). This move, …

    Source: JD Supra - California - Neutral
  • Published on May 30, 2025

    Seeking recognition: Syrian Kurds ready for Damascus talks

    2025-05-30T16:31:04+00:00 font Enable Reading Mode A- A A+ Shafaq News/ On Friday, the Kurdish National Council (KNC) in Syria confirmed its readiness to engage in direct talks with the Syrian government. Faissal Youssef, KNC spokesperson, told Shafaq …

    Source: Shafaq News - Indeterminate
  • Published on May 30, 2025

    Brent Slides Below $64 as Trump and OPEC+ Rattle Crude Markets

    A turbulent week for global energy markets saw oil prices slide amid OPEC+ uncertainty and escalating U.S.-China tensions. The double whammy of OPEC+’s unpredictability and Donald Trump’s heated rhetoric over China ‘totally violating its agreement’ with …

    Source: Oil Price - Neutral
  • Published on May 30, 2025

    Turkish companies expect more opportunities to support $500bn Syria reconstruction

    Companies from banks to port operators and energy companies are lining up to grab their share of business opportunities arising out of Syria’s $500 billion reconstruction effort as the war-torn country opens up its economy. Turkey’s Deniz Bank, which is …

    Source: The National News - Pro-Government
  • Published on May 30, 2025

    Trump Administration Issues Sweeping Sanctions Relief for Syria

    [c0-authors: Ziad El Oud and Ben Richmond] Key Points On May 23, 2025, OFAC issued Syria GL 25, which authorizes a wide range of transactions otherwise prohibited by the SySR and other authorities affecting trade with Syria. Subject to certain exclusions, …

    Source: JD Supra - California - Neutral
  • Published on May 30, 2025

    Syria signs $7B power deal with consortium including Turkish firms

    Syria on Thursday signed a memorandum of understanding with a consortium of Qatari, Turkish and U.S. companies to develop major power generation projects with a foreign investment valued at about $7 billion. The agreement involves building four combined- …

    Source: Sabah - Pending
  • Published on May 29, 2025

    US Easing of Sanctions on Syria Creates Opportunities and Risks

    What Happened On May 23, 2025, the US Department of Treasury Office of Foreign Assets Control (OFAC) issued a general license (GL 25) broadly authorizing financial transactions previously prohibited under the Syrian Sanctions Regulations (found at 31 C.F.R …

    Source: National Law Review - Neutral
  • Published on May 30, 2025

    Lifting of Sanctions on Syria by the United States, European Union, and United Kingdom

    [co-author: Emily King] In recent weeks, the United States, European Union, and United Kingdom have taken significant steps to relax of their sanctions on Syria, paving the way for long-awaited normalization of commercial relations and reconstruction …

    Source: JD Supra - California - Neutral
  • Published on May 29, 2025

    Trump Administration Provides Significant Sanctions Relief to Syria

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) on May 23, 2025, announced a significant relaxation of the comprehensive economic sanctions imposed on Syria through the issuance of General License 25 (GL 25). The …

    Source: JD Supra - California - Neutral
  • Published on May 29, 2025

    Syria’s Time to Shine: The United States Issues Significant (but Incomplete) Sanctions Relief

    Five months after the fall of the Assad regime in Syria, sanctions relief for Syria has taken a major step forward. On May 13, President Trump announced a sudden end to U.S. sanctions targeting Syria, stating that, “[n]ow it’s [Syria’s] time to shine . . . …

    Source: Lexology - Neutral

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