• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 5 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days Does Toyota Know Something That We Don’t?
  • 5 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 2 days World could get rid of Putin and Russia but nobody is bold enough
  • 1 day America should go after China but it should be done in a wise way.
  • 5 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 4 days China is using Chinese Names of Cities on their Border with Russia.
  • 5 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 4 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 10 days huge-deposit-of-natural-hydrogen-gas-detected-deep-in-albanian-mine
  • 5 days Putin and Xi Bet on the Global South
  • 5 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 6 days United States LNG Exports Reach Third Place
  • 6 days Biden's $2 trillion Plan for Insfrastructure and Jobs

Breaking News:

U.S. Crude Oil, Gasoline Inventories Boom

Zainab Calcuttawala

Zainab Calcuttawala

Zainab Calcuttawala is an American journalist based in Morocco. She completed her undergraduate coursework at the University of Texas at Austin (Hook’em) and reports on…

More Info

U.S. Bases On Syrian Oilfields Receive New Equipment

A new U.S. military base has been built at the al-Omar oilfield in southeastern Deir Ezzor in Syria to support combat against the Syrian military, according to a new report by Fars News.

Russian forces have recently warned of a possible attack by U.S. forces on fortified Syrian bases. The U.S. military has dispatched weapons and other equipment to the Deir Ezzor area, including missiles, military vehicles, and bridge equipment.

Smaller U.S. bases on the Koniko and al-Jafreh oilfields are also getting new equipment. In the meantime, the U.S.-backed Syrian Democratic Forces (SDF) sent troops to Jiya, Salehiyeh, and al-Tabiyeh—all villages where the Syrian military already holds positions.

Russia is moving in on Syria’s hydrocarbon assets as American leadership in the Middle East wanes. In accordance with an energy cooperation framework agreement signed in late January, Russia will have exclusive rights to produce oil and gas in Syria. The agreement goes significantly beyond that, stipulating the modalities of the rehabilitation of damaged rigs and infrastructure, energy advisory support, and training a new generation of Syrian oilmen.

Before the onset of the civil war, Syrian oil production wavered around 380,000 barrels per day. This is down from its all-time peak production rate of 677,000 barrels per day in 2002. Although the Islamic State has been driven underground, the current output stands at just 14,000–15,000 barrels per day.

Sanctions-wise, Moscow is unafraid of any consequences because most of the hydrocarbon sector’s leadership is already under European and U.S. sanctions. With a long-range goal in mind, it could even assent to the significant cost of rebuilding Syria’s oil and gas sector. The International Monetary Fund put that expense at $27 billion in 2015, but the current estimate lies most likely between $35 billion–$40 billion.

By Zainab Calcuttawala for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • Mike C on March 27 2018 said:
    Thieves, no regard for the lives of others. Drive the people from their land by proxy, then steal the land. Makes me sick to see ruins in the wake of our actions. Very sorry, I hope it stops.
  • Douglas Houck on March 21 2018 said:
    US bases in Syria are illegal and violate international law. 'Nuff said.

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News