• 5 minutes Covid-19 logarithmic growth
  • 8 minutes Why Trump Is Right to Re-Open the Economy
  • 12 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 14 minutes China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 3 hours Washington doctor removed from his post, over covid
  • 16 mins TRUMP pushing Hydroxychloroquine + Zpak therapy forward despite FDA conservative approach. As he reasons, "What have we got to lose ?"
  • 3 hours Which producers will shut in first?
  • 1 hour Shale Legs
  • 22 mins Real Death Toll In CCP Virus May Be 12X Official Toll
  • 3 hours The Most Annoying Person You Have Encountered During Lockdown
  • 41 mins WE have a suicidal player in the energy industry
  • 7 hours How to Create a Pandemic
  • 1 hour KSA taking Missiles from ?
  • 7 hours Trump eyes massive expulsion of suspected Chinese spies
  • 10 hours Did Trump start the oil price war?
  • 15 hours Eight Billion Dollars Wasted on Nuclear Storage Plant
Alt Text

U.S. Willing To Shoot Syrian Officials To “Protect The Oil”

United States military officials reaffirmed…

Alt Text

The New Energy Superpower In The Middle East

Russia has become increasingly powerful…

Alt Text

Aramco Fails To Bring Foreign Investors On Board

Oil prices rose on Thursday,…

ZeroHedge

ZeroHedge

The leading economics blog online covering financial issues, geopolitics and trading.

More Info

Premium Content

The Next Stage Of Trump’s Plan To “Secure The Oil” In Syria

Turkey's state-run media is reporting the United States is planning two new military bases in Syria's oil-rich Deir ez-Zor province, which are currently under construction, after US special forces convoys were seen patrolling the area in the past days. 

Anadolu Agency, citing local sources, said the bases were under construction as evidenced by the influx of heavy equipment

While the footage captured by Anadolu Agency showed that much construction equipment is being put into action, it was learnt the U.S. has sent 250 to 300 additional soldiers, armored vehicles, heavy weapons and ammunition to the region.

The reported added: “The military bases are being built in the 113th Brigade area and near al-Sur region,” according to the sources.

Syria's largest oil fields, which historically account for most of its domestic energy needs, are located in Deir Ezzor, including Al-Omar, Conoco, and Rumeilan. 

A US coalition statement confirmed last week that American forces are being "repositioned" in Syria's oil rich region just east of the Euphrates to "protect critical infrastructure" - following Trump's roll out of his controversial "secure the oil" plan. 

Days ago Russia accused the United States of stealing what rightfully belongs to the Syrian government and people, with Russian Defense Ministry spokesman Igor Konashenkov alleging earlier that US government agencies received over $30 million a month in oil production in Syria.


Download The Free Oilprice App Today

Back to homepage






Leave a comment
  • Mamdouh Salameh on November 06 2019 said:
    The Syrian Army is more than capable of protecting Syria’s oilfields in the Deir Ezzor region against ISIS but unfortunately is not powerful enough to confront the new oil pirates as a retired American General accused President Trump of turning US troops operating in Syria to.

    Russia could eject them in five minutes but then the world will face World War Three and there lies the rub. Still, Russia a few days ago accused the United States of stealing what rightfully belongs to the Syrian government and people with Russian Deputy Foreign Minister Sergey Vershinin saying "Any actions whatsoever that the United States undertake to keep itself in Syria are unacceptable and illegal from our point of view and under international law."

    President Trump is not only turning his occupation and exploitation of Syrian oilfields into a daylight robbery, he is also disgracing his country by violating international law and the sovereignty of an independent country.

    What he doesn’t realize is that by stealing and selling Syria’s oil illegally, he is not only breaking his own sanctions policy against Syria but he is also breaking UN sanctions against country. Furthermore, he is sanctioning other countries who supply Syria with its oil needs legally.

    Any wonder then that people of the world and a majority of the American people would welcome his impeachment.

    Dr Mamdouh G Salameh
    International Oil Economist
    Visiting Professor of Energy Economics at ESCP Europe Business School, London

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News