{"id":18160,"date":"2025-05-29T21:14:48","date_gmt":"2025-05-29T21:14:48","guid":{"rendered":"https:\/\/www.watanserb.com\/en\/?p=18160"},"modified":"2025-05-29T21:14:48","modified_gmt":"2025-05-29T21:14:48","slug":"syria-signs-7-billion-energy-deal-with-global-consortium","status":"publish","type":"post","link":"https:\/\/www.watanserb.com\/en\/2025\/05\/29\/syria-signs-7-billion-energy-deal-with-global-consortium\/","title":{"rendered":"Syria Signs $7 Billion Energy Deal with Global Consortium"},"content":{"rendered":"<p class=\"ai-optimize-6 ai-optimize-introduction\"><em><strong>Watan<\/strong><\/em>-Syria signed a $7 billion agreement and memorandum of understanding with an international corporate alliance on Thursday, aimed at revitalizing the country\u2019s energy sector.<\/p>\n<p class=\"ai-optimize-8\" data-start=\"851\" data-end=\"957\">The agreement allows for the generation of 5,000 megawatts of electricity through four gas-powered plants.<\/p>\n<p class=\"ai-optimize-9\" data-start=\"959\" data-end=\"1084\">The signing ceremony was held in the presence of Syrian President Ahmad Al-Sharaa and U.S. envoy to Damascus, Thomas Barrack.<\/p>\n<p class=\"ai-optimize-10\" data-start=\"1086\" data-end=\"1152\">In his speech, Syrian Energy Minister Mohammad Al-Bashir stated:\u201cToday marks a historic turning point in Syria\u2019s energy and electricity sector, as we begin to rebuild our crumbling infrastructure.\u201d<\/p>\n<p class=\"ai-optimize-11\" data-start=\"1290\" data-end=\"1420\">He added that the memorandum promotes regional cooperation and supports the development of clean and renewable energy initiatives.<\/p>\n<figure id=\"attachment_16479\" aria-describedby=\"caption-attachment-16479\" style=\"width: 1000px\" class=\"wp-caption alignleft\"><img decoding=\"async\" class=\"wp-image-16479 size-full\" src=\"https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2025\/04\/sharaa.jpg\" alt=\"U.S. Eases Sanctions as Syria Enters New Era of Energy and Political Transition\" width=\"1000\" height=\"600\" srcset=\"https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2025\/04\/sharaa.jpg 1000w, https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2025\/04\/sharaa-300x180.jpg 300w, https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2025\/04\/sharaa-768x461.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-16479\" class=\"wp-caption-text\">Ahmad Al-Sharaa<\/figcaption><\/figure>\n<article class=\"text-token-text-primary w-full\" dir=\"auto\" data-testid=\"conversation-turn-8\" data-scroll-anchor=\"true\">\n<div class=\"text-base my-auto mx-auto py-5 [--thread-content-margin:--spacing(4)] @[37rem]:[--thread-content-margin:--spacing(6)] @[72rem]:[--thread-content-margin:--spacing(16)] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:32rem] @[34rem]:[--thread-content-max-width:40rem] @[64rem]:[--thread-content-max-width:48rem] mx-auto flex max-w-(--thread-content-max-width) flex-1 text-base gap-4 md:gap-5 lg:gap-6 group\/turn-messages focus-visible:outline-hidden\" tabindex=\"-1\">\n<div class=\"group\/conversation-turn relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"relative flex-col gap-1 md:gap-3\">\n<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"d832b053-8567-4272-8e96-21aa7bdfa9fc\" data-message-model-slug=\"gpt-4o\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\n<div class=\"markdown prose dark:prose-invert w-full break-words light\">\n<h3 class=\"ai-optimize-30\" data-start=\"0\" data-end=\"88\"><strong data-start=\"19\" data-end=\"88\" data-is-last-node=\"\">$7 Billion Energy Deal to Boost Syria\u2019s Power Grid and Job Market<\/strong><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"flex justify-start\"><\/div>\n<\/div>\n<div class=\"absolute\">\n<div class=\"flex items-center justify-center\">Al-Bashir confirmed the investment value at $7 billion, noting that the project will significantly increase electricity supply hours and positively impact all aspects of daily life in Syria.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<p data-start=\"1614\" data-end=\"1764\">\n<p class=\"ai-optimize-13\" data-start=\"1614\" data-end=\"1764\">The investment will be managed by leading energy companies under the global UCC Group, which includes firms from Turkey, Qatar, and the United States.<\/p>\n<p class=\"ai-optimize-14\" data-start=\"1766\" data-end=\"2071\">The deal includes the development of four gas turbine power plants located in Deir ez-Zor (east), Mhardeh and Zayzoun in Hama countryside (central Syria), and Trifawi in Homs countryside (central Syria). These plants will produce an estimated total of 4,000 megawatts using U.S. and European technologies.<\/p>\n<p class=\"ai-optimize-15\" data-start=\"2073\" data-end=\"2188\">Additionally, a 1,000-megawatt solar power station will be constructed in the Wadi Al-Rabee area in southern Syria.<\/p>\n<p class=\"ai-optimize-16\" data-start=\"2190\" data-end=\"2369\">Ramiz Al-Khayyat, CEO of Qatar-based Urbacon Holding, projected that the project will create over 50,000 direct jobs and 250,000 indirect jobs, strengthening Syria\u2019s labor market.<\/p>\n<p class=\"ai-optimize-17\" data-start=\"2371\" data-end=\"2406\">U.S. envoy Thomas Barrack stated:\u201cThese moments are rare, and the entire American administration is aligned in supporting Syria\u2019s new government.\u201d<\/p>\n<p class=\"ai-optimize-18\" data-start=\"2524\" data-end=\"2623\">He praised President Donald Trump\u2019s decision to lift sanctions on Syria on May 13 as a \u201cbold move.\u201d<\/p>\n<figure id=\"attachment_17912\" aria-describedby=\"caption-attachment-17912\" style=\"width: 1000px\" class=\"wp-caption alignleft\"><img decoding=\"async\" class=\"wp-image-17912 size-full\" src=\"https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2025\/05\/9-3.jpg\" alt=\"U.S. Envoy Meets Syrian Transitional President in Istanbul After Trump Lifts Sanctions\" width=\"1000\" height=\"600\" srcset=\"https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2025\/05\/9-3.jpg 1000w, https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2025\/05\/9-3-300x180.jpg 300w, https:\/\/www.watanserb.com\/en\/wp-content\/uploads\/2025\/05\/9-3-768x461.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-17912\" class=\"wp-caption-text\">U.S. envoy Thomas Barak met with Syrian transitional president Ahmad Al-Shara<\/figcaption><\/figure>\n<article class=\"text-token-text-primary w-full\" dir=\"auto\" data-testid=\"conversation-turn-10\" data-scroll-anchor=\"true\">\n<div class=\"text-base my-auto mx-auto py-5 [--thread-content-margin:--spacing(4)] @[37rem]:[--thread-content-margin:--spacing(6)] @[72rem]:[--thread-content-margin:--spacing(16)] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:32rem] @[34rem]:[--thread-content-max-width:40rem] @[64rem]:[--thread-content-max-width:48rem] mx-auto flex max-w-(--thread-content-max-width) flex-1 text-base gap-4 md:gap-5 lg:gap-6 group\/turn-messages focus-visible:outline-hidden\" tabindex=\"-1\">\n<div class=\"group\/conversation-turn relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"relative flex-col gap-1 md:gap-3\">\n<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"8783cbdc-916f-495e-99f5-d540bee881cb\" data-message-model-slug=\"gpt-4o\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\n<div class=\"markdown prose dark:prose-invert w-full break-words light\">\n<h3 class=\"ai-optimize-31\" data-start=\"0\" data-end=\"102\"><strong data-start=\"19\" data-end=\"102\" data-is-last-node=\"\">U.S. Eases Sanctions as Syria Enters New Era of Energy and Political Transition<\/strong><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<p class=\"ai-optimize-19\" data-start=\"2625\" data-end=\"2765\">On May 23, the U.S. Treasury Department issued a general license providing \u201cimmediate relief\u201d from sanctions in line with Trump\u2019s directive.<\/p>\n<p class=\"ai-optimize-20\" data-start=\"2767\" data-end=\"2783\">Barrack added:\u201cI bring greetings from President Trump and reaffirm his commitment to supporting Syria\u2019s government.\u201d<\/p>\n<p class=\"ai-optimize-21\" data-start=\"2890\" data-end=\"3033\">The Syrian administration aims to secure a stable energy supply to avoid disruptions that could hinder development and destabilize the country.<\/p>\n<p class=\"ai-optimize-22\" data-start=\"3035\" data-end=\"3140\">According to 2015 statistics, Syria&#8217;s proven gas reserves stood at approximately 8.5 trillion cubic feet.<\/p>\n<p class=\"ai-optimize-23\" data-start=\"3142\" data-end=\"3345\">The country produces an average of 250 million cubic meters of non-associated natural gas per day\u201458% of its total gas output. Associated gas, mainly from east of the Euphrates River, makes up about 28%.<\/p>\n<p class=\"ai-optimize-24\" data-start=\"3347\" data-end=\"3508\">The administration is also seeking regional and international support to recover from the effects of 24 years under former president Bashar al-Assad (2000\u20132024).<\/p>\n<p class=\"ai-optimize-25\" data-start=\"3510\" data-end=\"3656\">On December 8, 2024, Syrian factions took control of the country, ending 61 years of Ba&#8217;ath Party rule, including 53 years under the Assad family.<\/p>\n<p class=\"ai-optimize-26\" data-start=\"3658\" data-end=\"3780\">On January 29, 2025, Syria\u2019s transitional government named Ahmad Al-Sharaa as president for a five-year transition period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Watan-Syria signed a $7 billion agreement and memorandum of understanding with an international corporate alliance on Thursday, aimed at revitalizing the country\u2019s energy sector. The agreement allows for the generation of 5,000 megawatts of electricity through four gas-powered plants. The signing ceremony was held in the presence of Syrian President Ahmad Al-Sharaa and U.S. envoy &hellip;<\/p>\n","protected":false},"author":1,"featured_media":18162,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[3400,5718,67,5717],"class_list":["post-18160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-ahmad-al-sharaa","tag-mohammad-al-bashir","tag-syria","tag-thomas-barrack"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v27.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Syria Signs $7 Billion Energy Deal with Global Consortium - Watan<\/title>\n<meta name=\"description\" content=\"Syria signs a $7 billion agreement with international companies\u2014including firms from the U.S., Qatar, and Turkey\" \/>\n<meta name=\"robots\" content=\"index, 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