Syria

Power Markets

Investment chief: Sanctions against Syrian banks thwart recovery efforts

Western sanctions on Syria’s banking sector prevent critical investments in the war ravaged economy, despite the huge interest shown by Syrian and foreign investors following the fall of Bashar Al-Assad. "Sanctions stopped everything." Ayman Hamawiye (36), the head of the Syrian Investment Agency said that sanctions are currently aimed at the Syrian people, and they are increasing the suffering. Hamawiye has been appointed by the rebels who have now become rulers, Hayat Tahrir Al-Sham. This was after their lightning-fast offensive last year that led to the ouster of former Syrian President Assad. He worked with HTS, the governing body of...

Power Markets

Syria to get electricity-generating ships from Qatar and Turkey

Syria will receive 2 electricity-generating ships from Turkey and Qatar to boost energy products struck by damage to facilities throughout President Bashar al-Assad's rule, state news firm SANA priced estimate an authorities as saying on Tuesday. Khaled Abu Dai, director general of the General Establishment for Electricity Transmission and Circulation, informed SANA the ships would offer an overall of 800 megawatts of electrical energy but did not say over what period. The degree of damage to the generation and improvement stations and electrical connection lines throughout the period of the previous regime is very large, we are seeking to restore...

Electric Utilities

Turkey ready to provide power to Syria and Lebanon, energy minister says

Turkey is all set to supply electricity to Syria and Lebanon and a team of government authorities is already in Syria working on how to fix its energy issues, Turkish Energy Minister Alparslan Bayraktar stated. Turkey, which backed rebels in neighbouring Syria who fallen Bashar al-Assad this month after a 13-year civil war, has actually resumed its embassy in Damascus and currently conducted high level contacts with new de-facto leader Ahmed al-Sharaa. Perhaps the electrical energy that Syria and Lebanon require will initially be fulfilled by exporting it from Turkey, and obviously we can see the image a little bit...

Energy Markets

Turkish energy ministry delegation to visit Syria to go over energy cooperation

A delegation from Turkey's. energy ministry will check out Syria quickly to go over possible. energy cooperation consisting of transferring electrical power to alleviate. power scarcities, Energy Minister Alparslan Bayraktar stated late. on Monday. Turkey, which backed Syrian rebels who fell President. Bashar al-Assad this month after a 13-year civil war, has. reopened its embassy in Damascus and its intelligence chief and. foreign minister have met de-facto leader Ahmed al-Sharaa. Erdogan last week stated that Ankara would do whatever. needed for the reconstruction of Syria, consisting of improving. energy ties. A delegation from the Energy Ministry will check out Syria...

Energy Markets

Bewildered, elated detainees put out as Assad's jails flung open

Confused and elated prisoners put out of Syrian jails on Sunday, shouting with pleasure as they emerged from among the world's most infamous detention systems and walked to liberty following the collapse of Bashar alAssad's. federal government. All throughout Syria, families wept as they were reunited with. children, siblings, spouses and moms and dads who disappeared years earlier. into the impregnable gulag of the Assad dynasty's five-decade. reign. Recently freed prisoners went through the Damascus streets. holding up the fingers of both hands to show how several years they. had actually remained in jail, asking passers-by what had occurred, not....

Fuel Oil

United States has actually not seen proof of Hezbollah money bunker under Beirut healthcare facility, Pentagon chief says

U.S. Defense Secretary Lloyd Austin said on Wednesday that he had not seen proof that there was a Hezbollah bunker filled with cash developed under a. medical facility in Beirut, adding that Washington would continue to. work with Israel to get a better insights. Israel's armed force said that Hezbollah has stashed hundreds. of countless dollars in money and gold in a bunker developed under. a health center in Beirut, adding that it would not strike the. center as it maintains attacks against the group's financial. possessions. We have not seen evidence of that at this moment. But, you. know,...

Energy Markets

US senators look for to harden restriction on offering reserve oil to China

U.S. senators introduced legislation on Thursday to harden the ban on selling petroleum from the Strategic Petroleum Reserve (SPR) to China. The costs, introduced by Senators Joni Ernst, a Republican and John Fetterman, a Democrat, would guarantee that business owned or controlled by China's federal government do not purchase oil from the SPR. Senators Bob Casey and Sherrod Brown, both Democrats, and Tom Cotton, a Republican politician, likewise signed up with as co-sponsors. A financing bill signed by President Joe Biden this month blocked Chinese business from buying oil, however included an exception if the oil was not exported to...