Syria''s $7 Billion energy deal for economic recovery
On May 29, 2025, President Ahmad al-Sharaa witnessed the signing of a $7 billion memorandum of understanding in Damascus,
A quick outlook regarding Syria's energy resources and infrastructure, including the role of declining oil revenue under the Assad regime's governance and the prospects for, and geopolitical impact of, Syrian energy production and trade in a new era.
In the short to medium term, it should support energy generation in Syria, especially in renewable electricity. In the longer term, it should offer Syria a role in an interconnected Eastern Mediterranean energy hub with independent access to the EU market for gas and electricity.
In the longer term, it should offer Syria a role in an interconnected Eastern Mediterranean energy hub with independent access to the EU market for gas and electricity. For more than a decade, Syrians have been coping with severe energy shortages. Years of war and division have crippled over 50% of the country's electricity grid.
The lack of reliable energy supplies is a major concern for Syrian citizens and its new government, making it a key point of leverage. Qatar and Türkiye have stepped in to provide short-term assistance. The two states have provided two floating power stations, while Türkiye is also connecting its grid to Syria.
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