Syria is achieving real successes in rebuilding its energy sector after more than a decade of civil war. Foreign partners are in discussions over investing in restoring output at gas fields, and Saudi Arabia’s ADES last week signed an HoA that could result in a sizeable production boost as early as next year (MEES, 12 December).
Momentum is building in the gas sector. Gas and electricity imports have increased (MEES, 1 August), and Damascus is now looking to revamp its dilapidated oil refining sector. As well as repairing existing facilities, the Syrian government hopes to attract investment into its first new refinery since the 1970s; a 150,000 b/d facility near Homs. (CONTINUED – 1496 WORDS)
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