Saudi Arabia Dispatches Shipment of Crude Oil to Syria
The cargo docked at Banias port represents the opening delivery of a 1.65-million-barrel crude oil grant, Saudi media disclosed.
Officials inked the grant accord on September 11 between the Saudi Fund for Development and Syrian energy officials, with the Saudi Ministry of Energy providing administrative supervision.
The assistance program targets multiple objectives: enhancing operational capacity at Syrian refineries, advancing the country's economic reconstruction, confronting immediate fiscal pressures, and revitalizing critical economic sectors across Syria, according to the report.
The petroleum grant signals Riyadh's expanding engagement with Damascus as regional powers recalibrate diplomatic and economic relationships following years of conflict. The remaining tranches of the crude oil shipment are expected to arrive in subsequent deliveries, though specific timelines were not disclosed.
Syria's energy sector has suffered catastrophic damage throughout more than a decade of civil war, leaving refineries operating at drastically reduced capacity and creating persistent fuel shortages that have crippled industrial production and daily life for millions of Syrians.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
