What is the outlook for Syria's Energy Resources & Infrastructure?

A quick outlook regarding Syria’s energy resources and infrastructure, including the role of declining oil revenue under the Assad regime’s governance and the prospects for, and geopolitical impact of, Syrian energy production and trade in a new era.

How much oil does Syria have?

The US Energy Information Administration (EIA) estimated in 2015 that Syria possessed 2.5 billion barrels of proved oil reserves. 5 Syria’s crude is heavy and sour. 6 In 2010, Syria produced 383,000 barrels per day of oil. 7

How much electricity does Syria use a year?

Prior to the outbreak of the civil war, Syria generated close to 29.5 billion kilowatt hours of electricity annually, while its consumption was 25.7 billion kilowatts. 18 The bulk of this came from thermal power plants fueled by oil and natural gas. The Tishrin hydropower plant in the Aleppo district provided 4 percent of Syria’s electricity. 6.

How much natural gas does Syria have?

Natural gas In 2015, the EIA estimated Syria’s natural gas reserves at 240 billion cubic meters (BCM). Syria possesses both wet and dry gas. Syria’s natural gas is used for power production and is needed for reinjection into Syria’s oil fields.

Will Syria increase its oil and natural gas volumes?

Syria has significant potential to increase its oil and natural gas volumes. Syria can also serve as a transit state for natural gas from Israel and other producers in the Eastern Mediterranean to Turkey and onward to Europe. Turkey will play a major role in Syria’s reemerging energy sector.

How many oil refineries are in Syria?

Oil refineries Syria has two oil refineries, located in Homs and Banias, and both are state owned. Before the war, these refineries’ capacity met Syria’s refined product demand. 12 However, the refineries suffered extensive damage during the civil war.