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Syria targets oil self-sufficiency by 2028 amid energy crisis
Syrian Energy Minister Mohammad al-Bashir presented a strategic plan to the People's Assembly to address the country's energy crisis and rising fuel costs. The ministry aims to achieve oil self-sufficiency by 2028, despite a current daily production of 112,000 barrels against a 200,000-barrel supply gap. To bridge this gap, Syria requires approximately $831 million monthly for crude oil and petroleum product imports.
In the natural gas sector, production has risen to 8 million cubic meters per day, but remains far below the 24 million cubic meters required to power all ready electricity plants. The ministry currently imports 6.3 million cubic meters of gas daily, costing roughly $140 million per month, sourced from Azerbaijan and via Jordan's Aqaba port.
Proposed infrastructure improvements include the rehabilitation of the Baniyas refinery and the potential construction of three new refineries in Al-Farqalis, Deir ez-Zor, and Aleppo, with a combined capacity of 150,000 barrels per day. Additionally, the ministry is working to replace the aging Kirkuk-Baniyas pipeline in cooperation with Iraq.
Entities
Alparslan Bayraktar · Baniyas Refinery · Homs Refinery · Mohammad al-Bashir · Muhammed Beşir · People's Assembly · People's Assembly of Syria · People’s Assembly of Syria · Syrian Ministry of Energy · Turkish Ministry of Energy and Natural Resources
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 7 SOURCES] Syria requires 24 million cubic meters of gas daily to power all ready electricity plants. b2b-sy.com · economymiddleeast.com · www.eqtsad.net · halabtodaytv.net · www.syrianow.net · +1 more
- [○ 1 SOURCE] The ministry signed a memorandum of understanding to replace the Kirkuk-Baniyas pipeline in cooperation with Iraq. damasradio.fm
- [● 7 SOURCES] Domestic oil production is currently 112,000 barrels per day. b2b-sy.com · economymiddleeast.com · www.eqtsad.net · halabtodaytv.net · www.syrianow.net · +1 more
- [● 7 SOURCES] Syria has an oil supply gap of approximately 200,000 barrels per day. b2b-sy.com · economymiddleeast.com · www.eqtsad.net · halabtodaytv.net · www.syrianow.net · +1 more
- [● 7 SOURCES] Syria requires approximately $831 million monthly for crude oil and petroleum product imports. b2b-sy.com · economymiddleeast.com · halabtodaytv.net · www.syrianow.net · horrya.net · +1 more
- [● 7 SOURCES] Natural gas production has increased to 8 million cubic meters per day. b2b-sy.com · economymiddleeast.com · www.eqtsad.net · halabtodaytv.net · www.syrianow.net · +1 more
- [● 7 SOURCES] Syria is importing 6.3 million cubic meters of gas daily at a cost of $140 million per month. b2b-sy.com · damasradio.fm · www.eqtsad.net · halabtodaytv.net · www.syrianow.net · +1 more
- [● 8 SOURCES] Syria targets oil self-sufficiency by 2028. b2b-sy.com · damasradio.fm · economymiddleeast.com · www.eqtsad.net · halabtodaytv.net · +2 more
- [○ 1 SOURCE] The ministry plans to build three new refineries in Al-Farqalis, Deir ez-Zor, and Aleppo with a total capacity of 150,000 barrels per day. www.syria24.news