• 2 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 5 minutes The Inconvenient Truth Of Electric Cars
  • 8 minutes Iran downs US drone. No military response . . Just Destroy their economy. Can Senator Kerry be tried for aiding enemy ?
  • 45 mins Here we go folks, the wish of so many: Pres. Trump threatens to lessen US security role in Strait of Hormuz, unveils sanctions
  • 3 hours Climate change & Wildfires: More Wildfires To The Western U.S., Will Affect Tens Of Millions Of People
  • 42 mins The Plastics Problem
  • 6 hours Hard To Believe: UAE Will Work To Defuse Middle East Tension
  • 8 hours Oil Demand Needs to Halve: Equinor
  • 11 mins Wonders of Shale - Gas, bringing investments and jobs to the US
  • 2 hours Looks like Trump is putting together a "Real" Coalition to protect Persian shipping lanes. Makes perfect sense. NO Fake "Coalition's of the Willing" UPDATE REUTERS Pompeo "Sentinel Program"
  • 4 hours Cherry Picking Climate Data
  • 11 mins Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 17 hours Here We Go: New York Lawmakers Pass Aggressive Law To Fight Climate Change
  • 14 hours Solar Panels at 26 cents per watt
  • 8 hours Green vs. Coal: Bavaria Seeks Fast-Track German Coal Exit in Snub to Merkel Plan
  • 2 hours Coal Boom in Asia is Real and a Long Trend
The Irony of California’s Oil Dependence

The Irony of California’s Oil Dependence

California’s oil production has been…

Damir Kaletovic

Damir Kaletovic

Damir Kaletovic is an award-winning investigative journalist, documentary filmmaker and expert on Southeastern Europe whose work appears on behalf of Oilprice.com and several other news…

More Info

Iran, Syria Sign Energy Agreement

Power

Iranian and Syrian media have reported the signing, by officials from the two countries, of several agreements that would allow Iran to improve the production and distribution of electricity in war-torn Syria.

One agreement reportedly includes the building of a 540-megawatt power plant in the Latakia province, while another targets the restoration of the main control center of Syria’s power grid in the capital, Damascus. A third agreement reportedly lays the groundwork for Iranian power supply to Aleppo city, which the Syrian military and its allies retook last year.

Mounting talk of reconstruction comes as the Syrian army is said to be making consistent progress in recent months in wresting control of cities and towns from Islamic State (ISIS).

Last week, the Syrian Arab Army staged an offensive to recapture oil-rich areas of the Al-Raqqa governorate that had fallen to ISIS. This area is home to the Jararih oilfield near Salaam ‘Alaykum village, a military report said.

An attack by Syrian President Bashar al-Assad’s military eliminated ISIS elements from the field in late August. Prior to that, Syria’s army advanced against ISIS forces in the central Homs province, and has encircled terrorists in the al-Hael oilfield near the ancient city of Palmyra.

At the beginning of this year, Iran and Syria signed five memorandums of understanding (MoU), one of them relating to the construction of oil and gas storage facilities and terminals in Syria. Another plan in the discussion phase would see Iran export electricity to Syria, hooking up Iran’s national grid to the national grids of both Iraq and Lebanon.

Related: How Will Venezuela Deal With A PDVSA Default?

The recent spate of agreements is being interpreted as a nod of Iranian support for the Assad-led government and Syrian political initiatives.

These agreements are in line with agreements that were in force or sealed years ago. In May 2013, Iran agreed to provide Syria with a $3.6 billion credit line to imports goods and commodities. Iranian firms are already involved in a series of electricity generation projects.

By Damir Kaletovic for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

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