Syria resumes crude oil exports after 14-year hiatus
First shipment of 600,000 barrels departs from Tartus under new energy agreement
TARTUS, Syria (MNTV) — Syria has restarted crude oil exports for the first time in 14 years, with a shipment of 600,000 barrels of heavy crude departing from the port of Tartus.
The export was carried out under an agreement with B Serve Energy, a company linked to the global trading firm BB Energy.
Before the outbreak of conflict in 2011, Syria exported around 380,000 barrels per day, but the civil war left the country’s oil industry fragmented and severely weakened.
The post-Assad government has prioritized reviving the economy, with energy exports seen as a central pillar of recovery.
The oil was drawn from several Syrian fields, though officials did not specify the sites. The shipment comes after a period when Kurdish-led authorities in the northeast supplied crude to Damascus, a cooperation that has since broken down.
Sanctions and contested control of oil fields during the war further complicated Syria’s energy sector. However, the lifting of U.S. sanctions by President Donald Trump in June has opened the door for American firms to explore investment opportunities in Syrian oil and gas.
In addition, Syria recently signed an $800 million memorandum of understanding with DP World to develop and manage a multi-purpose terminal at Tartus, signaling broader plans to position the port as a hub for trade and energy exports.
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