Turkey to take part in revival of Syria’s oil and gas industry
Turkey’s government has announced its intention to help in the revival of oil and natural gas production in Syria. According to experts, this marks a key step in Ankara's ambition to play a more active role in the reconstruction of Syria's economy.
Turkish authorities are also seeking to address Syria’s electricity needs after more than a decade of conflict that severely damaged the country’s infrastructure. Alparslan Bayraktar, Turkey’s Minister of Energy, stated that the government is exploring the potential use of oil and natural gas to support Syria’s recovery. "Our goal is to advance these projects," the official pointed out.
Currently, Turkey’s President Recep Tayyip Erdoğan is working to maintain friendly relations with groups representing Syria’s interim government. Against this backdrop, many Turkish companies could gain a preferential attitude during the reconstruction of Syria’s economy.
Long-term cooperation between the two nations could lead to building new oil and gas pipelines connecting Syria with Turkey’s export port facilities, Bayraktar emphasized. At present, Syria’s oil production is estimated at 30,000 barrels per day—just 5% of the levels recorded 20 years ago. This assessment of Syria’s reserves was provided by Turkish authorities.