Skip to site menu Skip to page content

Daily Newsletter

02 January 2025

Daily Newsletter

02 January 2025

Turkey positions itself as Syria’s oil and gas saviour after fall of Assad regime

Before the 2011 uprising, the country’s oil production hovered around 400,000 barrels per day (bpd).

Ed Pearcey December 27 2024

With the regime of former Syrian dictator Bashar al-Assad having fallen just a few weeks ago, neighbour Turkey has indicated that it may be willing to help Syria rebuild its oil and gas production.

“We are studying the use of crude oil and natural gas for reconstruction of Syria,” said Alparslan Bayraktar, who has served as Turkey’s Minister of Energy and Natural Resources since 2023.

Speaking to several media outlets, Bayraktar added that Turkey plans “to tell our counterparts how we can make contributions in that sense. Our objective is to develop these projects.”

Turkey was also already working to help Syria with its electricity supply, he said.

For several years, Syria’s oil and gas production has been struggling under a raft of international sanctions, and since the toppling of the regime, almost all imports from Iran have ceased.

Before the 2011 uprising, the country’s oil production hovered around 400,000 barrels per day (bpd), but by mid-2015, this had dropped to 25,000bpd.

By 2023, this had risen slightly to approximately 92,000bpd, but dropped again in 2024 to 80,000bpd.

Turkey (along with several other nations) backed the Syrian rebels who overthrew al-Assad after a 13-year civil war, and was one of the first countries to reopen its Damascus embassy.

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close