Syria receives first Saudi crude oil shipment under cooperation deal
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Syria has received its first shipment of Saudi crude oil—90,000 tonnes—as part of a bilateral agreement to boost economic cooperation.
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Saudi Aramco engineers and journalists look at the Hawiyah Natural Gas Liquids Recovery Plant in Hawiyah, in the Eastern Province of Saudi Arabia on June 28, 2021. (AP)
Syria has received its first shipment of Saudi Arabian crude oil at the port of Baniyas, marking the start of deliveries under a bilateral agreement aimed at strengthening economic cooperation, according to Syrian state news agency SANA.
Saudi crude arrives at Syrian port of Baniyas
The first Saudi tanker carried 90,000 tonnes of crude oil—equivalent to 650,000 barrels—and was delivered to meet Syria’s domestic energy needs. The shipment is part of a larger deal between Damascus and Riyadh to support Syria’s economy and fuel infrastructure.
Deputy CEO of the Syrian Petroleum Company, Ahmed Kubha, confirmed the arrival of the shipment and stated that the oil would be refined locally at the Baniyas refinery. Kubha also announced that a second shipment, carrying 1 million barrels of crude oil, is scheduled to arrive on November 23.
In July, Syria and Saudi Arabia signed a memorandum of understanding in which Riyadh agreed to supply 1.65 million barrels of crude oil to Damascus. The agreement is seen as a key development in reestablishing regional economic ties and easing Syria’s energy shortages.
