Insider Secrets

Insider Secrets

Learn how the PROs are making money from the oil and energy market.

Loading, please wait

SYRIA: EU Lifts Oil Embargo to Help ‘Opposition’

By
Posted on Fri, 26 April 2013 18:05 | 0

Bottom Line: The European Union has lifted its oil embargo on Syria ostensibly to provide “economic support” to the rebels fighting the Assad regime, but the rebels—40%+ infiltrated by Sunni jihadist groups—are not cohesive enough to make use of the oil fields they now nominally control, and the Assad regime controls the country’s two refineries.

Analysis: When the EU on Monday lifted its oil embargo on Syria, it should have taken anyone who has a clear understanding of what is going on in Syria right now by surprise. In the north, the Kurds control one oilfield—purportedly protecting it on behalf of Assad, but in reality they are controlling it for themselves and production is a fraction of what it used to be. Elsewhere, the rebels control oilfields and production has been replaced by theft and smuggling (as well as plenty of incidents in which locals are injured attempting to take advantage of the fuel anarchy). It also comes as a surprise because the regime still controls the refineries, so with the embargo lifted, only the regime can benefit, were it to be allowed to resume exports, which it won’t. The EU claims that lifting the embargo will help the rebels to export from territory they control—but without refineries? The EU seems to think this will spur “investment” in the Syrian oil industry. Indeed, at a meeting in Luxembourg over the weekend, EU officials talked about “export or investment initiatives…

To read the rest of this article Start a FREE subscription to our premium publication

Oil & Energy Insider - 30 day Free trial

30 day Free trial
A FREE Subscription Includes:
  • Investment advice normally reserved for hedge fund clients.
  • Market & sector research not available anywhere else.
  • Strategic advice from corporate & military intelligence analysts.
  • 9 Weekly Investment / intelligence reports.
  • Full access to all previous reports.
  • 30 days free trial.
Get FREE access to our research for 30 days

An essential resource for all investors in the energy sector whether you're a trader, fund manager or individual investor - this inside look at the energy markets is unlike any other report or service currently available.

Special Reports

8 Mega Trends

8 Mega Trends

By Oil & Energy Insider Analysts

8 OIL & GAS INDUSTRY MEGA-TRENDS AND HOW TO PROFIT FROM THEM
Here's what our 400 global energy assets are telling us to be prepared for right now...

LNG Technology

LNG Technology

By Oil & Energy Insider Analysts

THE "FLOATING REFINERY" STOCK THAT COULD FUND YOUR RETIREMENT
This company's incredible tanker technology could eliminate many of the world's offshore pipelines...

Subsea Production

Subsea Production

By Oil & Energy Insider Analysts

THE END OF OFFSHORE DRILLING?
This disruptive market will grow 84% to 270% over the next five years: Discover the 6 equipment suppliers set to profit.

Related Articles


Martin tiller