Syrian Energy Recovery Opens Deep-Water Oil and Gas Exploration

### Tape / Session Read Syria's transitional government, established on March 29, 2025, following the end of the Assad regime, has unified control over key domestic energy assets including the Omar oil field and Tabiyeh gas complex. A 2026 agreement between the transitional administration and the Kurdish-led Syrian Democratic Forces has further integrated energy governance. Concurrently, the removal of U.S. and European Union sanctions and the relaunch of the SWIFT transfer system have reopened the country to international capital and technical participation.

### Why This Lane Matters Before the conflict that began in 2011, Syria produced 380,000 barrels per day of crude and 900 million cubic feet of gas, figures that Wood Mackenzie notes fell significantly during the war. With estimated reserves of 1.3 billion barrels of oil equivalent, unexplored onshore basins, and an untapped offshore sector, returning foreign investment aims to restore output and position the region as a potential transit corridor toward Mediterranean markets.

### Capital Flows & Reconstruction Major capital commitments are already entering the rebuilding phase. In June 2025, the government signed a $7 billion deal with a consortium from Turkey, Qatar, and the United States focused on energy and wind power infrastructure. In addition, projects such as a major hydropower facility carry an estimated investment cost of $1.16 billion.

### Related Names - Chevron - Qatar’s UCC Holding