• 4 minutes Ten Years of Plunging Solar Prices
  • 7 minutes Hydrogen Capable Natural Gas Turbines
  • 10 minutes World looks on in horror as Trump flails over pandemic despite claims US leads way
  • 13 minutes Large gas belt discovered in China
  • 35 mins Chicago Threatens To Condemn - Possibly Demolish - Churches Defying Lockdown
  • 3 hours The CDC confirms remarkably low coronavirus death rate. Where is the media?
  • 5 hours COVID 19 May Be Less Deadly Than Flu Study Finds
  • 18 mins Let’s Try This....
  • 2 hours New Aussie "big batteries"
  • 18 hours Monetary and Fiscal Policies in Times of Large Debt:
  • 4 hours China to Impose Dictatorship on Hong Kong
  • 6 hours 60 mph electric mopeds
  • 10 hours Iran's first oil tanker has arrived near Venezuela
  • 13 hours Nothing can shake AMLO’s fossil-fuel fixation
  • 19 hours US-China tech competition accelerates: on Friday 05/15 new sanctions on Huawei, on Monday 05/18 Samsung chief visits China
  • 1 day Fed Says It Will Begin Buying Corporate-Debt ETFs on Tuesday
Prepare For Major Oil Market Consolidation

Prepare For Major Oil Market Consolidation

COVID-19 and the oil price…

IEA: Peak Oil Demand Is Still Years Away

IEA: Peak Oil Demand Is Still Years Away

The world hasn’t seen peak…

Assad Plans To Sue The U.S. Over ‘Stealing’ Syria’s Oil

Syria’s government is considering suing the United States in an international court over what a senior advisor to Syrian President Bashar al-Assad referred to as the ‘stealing’ of Syria’s oil.

“Syria is looking into the possibility of filing an international lawsuit against the United States, due to the fact that they steal Syrian oil,” Bouthaina Shaaban, Syrian Presidential Adviser, told Beirut-based Al-Mayadeen TV in an interview, carried by Iran’s Fars news agency.

After a surprise announcement of pulling the U.S. troops out of Syria in October, U.S. President Donald Trump said that the United States would protect Syrian oil fields from ISIS.

President Trump claimed that the U.S. had taken control of the oil in the Middle East, tweeting that “The U.S. has secured the Oil, & the ISIS Fighters are double secured by Kurds & Turkey.”

The President did not elaborate on what he meant by “securing the oil,” but speculations about the President’s statement assume he was referring to the U.S. special forces that have been—and will continue to be—in control of oil and gas fields in Deir Ezzor, Syria’s oil region.

Related: The 5 Biggest Threats To Oil & Gas In 2020

President Trump has vowed to protect Syrian oil fields from ISIS, and the United States may leave 500 troops in northeastern Syria and send in battle tanks and other equipment with the purpose to help the Kurds in the area to protect oil fields that used to be controlled by Islamic State during its so-called caliphate in parts of Iraq and Syria.

In a separate interview, with NBC News, Assad’s advisor Shaaban said that the United States had no right to Syria’s oil, warning of “popular opposition and operations against the American occupiers of our oil.”

The Kurdish SDF forces control most of Syria’s oil. Before the war, Syria was producing 387,000 barrels of oil per day, of which 140,000 bpd were exported.  

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • Mamdouh Salameh on December 26 2019 said:
    Not only should Syria sue the United States at the International Court of Justice over stealing its oil but it should also place a complaint against it at the UN General Assembly for shaming it and exposing it as a thief. Even a US retired general recently accused President Trump of turning US troops occupying Syria’s oilfields into oil pirates.

    President Trump is using ISIS as the excuse to continue occupying Syrian territory illegally for the purpose of stealing Syria’s oil, depriving the legitimate government of Syria of its own oil and continuing to stir trouble to prevent an end to the civil war there.

    Not only President Trump has reneged on his promise to protect his allies the Syrian Kurds forces (SDF) from Turkey’s military onslaught but he now claims that he is defending Syria’s oil from ISIS when his country and Saudi Arabia have both supported, financed and armed ISIS when it was fighting President Bashar Al Assad forces in Syria.

    Syria’s armed forces who have liberated the overwhelming majority of Syrian territory are more than capable of defending their oilfields from the likes of ISIS.

    It is becoming obvious that President Trump’s troops in Syria are also tasked with preventing the Syrian Kurds who occupy most of Syrian oil fields from handing them to Syria in gratitude for coming to their rescue along with Russia from annihilation by the Turkish onslaught.

    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