"The Syrian government's takeover of key oil and gas fields from the Kurdish-led Syrian Democratic Forces (SDF) in the country's northeast has raised hopes for the revival of its dilapidated energy sector after years of war and international sanctions. Syrian officials announced on Sunday that the government forces had taken control of several oilfields, including al-Omar, Syria's largest, and the Conoco gas complex in the country's north and northeast."
"While the return of Syria's energy reserves to government control marks a pivotal moment for the country's war-battered economy, Damascus will face hurdles ranging from damaged infrastructure to chronic underinvestment as it looks to kick production into high gear, according to industry experts. Despite the strategic importance of regaining oil and gas assets, translating sovereignty into production recovery will be gradual and technically complex, Ahmad al-Dahik, an oil and gas expert based in Qatar, told Al Jazeera."
Government forces took control of several northeast oilfields, including al-Omar and the Conoco gas complex, after the Kurdish-led SDF agreed to relinquish Deir Az Zor, Raqqa and Hasakah as part of a ceasefire. Returning energy reserves to state control creates an opportunity to rebuild Syria's damaged economy and revive domestic fuel supplies. Restoration faces major challenges: oil reservoirs have suffered from unregulated extraction and equipment damage, while pipelines and processing facilities require extensive rehabilitation and long-term investment. Natural gas is less capital-intensive to restore and is likely to be the first priority for restarting electricity generation. Syria holds estimated reserves of 2.5 billion barrels of oil and 8.5 trillion cubic feet of natural gas.
Read at www.aljazeera.com
Unable to calculate read time
Collection
[
|
...
]