Following over a decade of conflict, Syria is focusing on rebuilding its infrastructure and diversifying its economy. The transitional government, led by President Ahmed al-Sharaa, has prioritized economic stabilisation and energy development as key components of its long-term recovery plan. With the lifting of U.S. and EU sanctions and the return of the SWIFT transfer system, international investment in Syria's energy sector is becoming more feasible.
The country's energy infrastructure, once fragmented due to the Assad regime's control over only parts of the country, is now being restructured under the transitional government. Key assets like the Omar oil field and Tabiyeh gas complex are under state control, and recent agreements with Kurdish-led forces could further unify governance. Syria's estimated oil and gas reserves, including vast unexplored onshore and offshore areas, position it as a potential energy hub in the region.
In addition to oil and gas, Syria is investing in renewable energy. Solar and wind projects are gaining momentum, with plans to expand capacity significantly. A $7 billion deal with a Qatari, Turkish, and U.S. consortium aims to rebuild the power sector, including a 1 GW solar park and gas-fired power plants. The government has also signed agreements with ACWA Power and Marv Energy to develop wind and hydropower projects, aiming to meet a large portion of the country's electricity demand.
The geopolitical landscape is also driving interest in Syria's energy potential. With Iran's restrictions on energy trade through the Strait of Hormuz, Syria's strategic location offers an alternative route for oil and gas exports to Europe. The country's proximity to Turkey and its access to major pipeline networks could make it a critical player in regional energy trade. If successful, Syria's energy revival could not only support its own recovery but also reshape the dynamics of Middle Eastern energy markets.