Related Articles
Forward article link
Share PDF with colleagues

Syria: Oil sanctions on the horizon

Syrian opposition efforts to cut a big funding lifeline to President Bashar al-Assad’s regime may be about to yield fruit

EUROPEAN buyers of Syria’s Souedie crude are considering a boycott of the heavy oil that can be refined only in the Netherlands, Italy, Spain and France. Anti-Assad forces have focused on the oil and gas sector as a crucial pressure point for a government that has been starved of its only alternative source of hard currency earnings – tourism – since widespread unrest hit Syria in mid-March. Ausama Monajed, of the National Initiative for Change, claimed a boycott of oil exports would deprive the government of up to $8 million a day in earnings. “That revenue goes straight to the prime minister’s office making it easy to direct it to military and security operations,” he said. The Syrian o

Also in this section
Nigerian output recovery still distant
24 February 2017
As export routes remain blocked, local producers get creative
China's new fuel standard
21 February 2017
Under pressure, Sinopec launches cleaner Beijing Six gasoline
Taxing times in the US
20 February 2017
A proposed US border levy would lift producers, hit consumers and upend oil markets