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Suspicions of corruption in crude oil supply contracts for the Banias refinery (2024 - 2025)

Informed sources within the Syrian Petroleum Company revealed to Zaman al-Wasl sensitive files concerning serious financial and technical irregularities in signed crude oil supply contracts.

The information indicates that contracts signed between the end of 2024 and the beginning of 2025 with a group of suppliers for the Banias refinery contained significant flaws, raising questions about the efficiency and integrity of the contracting process. The most prominent of these irregularities include:

- Unjustified discrepancies in purchase prices compared to prevailing global prices at the time of contracting.

- The arrival of crude oil shipments that do not fully comply with the required technical standards, which could affect the lifespan of the refinery's equipment and the quality of the final petroleum products.

- Contractual clauses described as unfair to the state, granting suppliers unreasonable advantages at the expense of the public treasury. - Clear gaps were identified in the audit and technical acceptance procedures, allowing these violations to pass without firm official objections.

Questions about the oversight role: Selectivity or incompetence?

This information opens the door to pressing questions raised by observers and sources within the oil sector regarding the seriousness of oversight bodies in dealing with current issues.

While oversight bodies are actively investigating files from the "former regime," the violations occurring today seem to be going unnoticed. This discrepancy raises a legitimate question: Will oversight bodies take effective action regarding these contracts? And will this issue be presented to the public transparently? Zaman al-Wasl

Zaman Al Wasl
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