Six hundred billion Syrian pounds vanished from the budgets of the Homs and Banias refineries between 2022 and 2023 as a result of smuggling operations involving petroleum derivatives (VGO) in which the "Jerusalem Brigade," affiliated with the former regime, was implicated.
Despite the enormity of the sum, the Syrian Petroleum Company refrained from launching a transparent investigation or filing lawsuits to recover the stolen funds. A network of traders and brokers who exploited VGO to smuggle fuel was involved in the case, and some of them continue their business activities with impunity.
The value of the missing funds is equivalent to the service budgets of thousands of Syrian families suffering from a deteriorating standard of living.
This raises the question: Why has the company's executive management remained silent?
"Recovering 600 billion pounds is more important than any symbolic donation or media campaign for public consumption."
($1 dollar =12,900 Syrian pounds)
Where have the investigations into this case reached? And who are the individuals protecting those involved from accountability so far?
This case presents the Syrian Petroleum Company with two options: to initiate procedures to recover public funds, or to maintain its silence.
What is preventing regulatory bodies from investigating the oil refineries file up to this moment?
Zaman Al Wasl
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