Column 1 News

Russia Is Taking Over Syria’s Oil And Gas

Russia Is Taking Over Syria’s Oil And Gas
Image by High Contrast

It finally happened…

In accordance with an energy cooperation framework agreement signed in late January, Russia will have exclusive rights to produce oil and gas in Syria.

The agreement goes significantly beyond that, stipulating the modalities of the rehabilitation of damaged rigs and infrastructure, energy advisory support, and training a new generation of Syrian oilmen. Still, the main international aspect and the key piece of this move is the final and unconditional consolidation of Russian interests in the Middle East.

15 More Russians Killed In Syria By IED

Before the onset of the blood-drenched Civil War, Syrian oil production wavered around 380,000 barrels per day. It has declined for some time then, since its all-time peak production rate of 677,000 barrels per day in 2002. Although the Islamic State was allegedly driven underground, the current output still stands at a devastating 14–15,000 barrels per day…

To read more visit Oilprice.com

Related articles

IMF Team To Visit Moldova

Tsarizm Staff

UK Leftist Leader Was A Communist Spy During Cold War…Just Perfect

L Todd Wood

Russian Regions Slash Cancer Spending As Costs Rise

L Todd Wood

Subscribe to our evening newsletter to stay informed during these challenging times!!