During a closed session lasting approximately two hours, Energy Minister Mohammed al-Bashir revealed the extent of the challenges facing Syria's energy sector. He emphasized that addressing the current issues will require years of work and significant investments, along with citizen cooperation, adherence to bill payment, and a reduction in waste.
Al-Bashir explained that the electricity sector represents one of the biggest challenges, given the high production costs compared to current prices, in addition to non-collection of bills, waste, and theft, which have led to a deficit exceeding one billion dollars. He noted that the ministry is preparing to begin installing smart meters to reduce losses.
Regarding the oil sector, he indicated that Syria currently produces about 100,000 barrels per day, compared to needs of 350,000 barrels. Gas production is approximately 7.5 million cubic meters per day, while the need for electricity generation is estimated at 22 million cubic meters. He pointed out that part of the shortfall is being covered through imports from global markets.
The minister predicted that oil prices would continue to rise for about two months or more, until refineries return to operating at greater capacity, due to ongoing maintenance work and supply shortages in global markets.
He also discussed the challenges facing the water sector, primarily water waste and declining levels of potable water sources, in addition to the lack of water meters and irregular bill payments.
Al-Bashir pointed out that the ministry's projects in the electricity, oil, gas, and water sectors require substantial investments and implementation periods ranging from three to seven years. These projects include the construction of new power plants and refineries, the rehabilitation of wells, and the maintenance of dams, with the aim of gradually achieving self-sufficiency and eventually exporting.
He emphasized that the Ministry of Energy is a major source of state revenue, and that any deficit in its sectors directly impacts the general budget and the funding of several government projects.
The minister concluded by stressing that reforming the energy sector cannot be done quickly, calling for projects to be given the necessary time and implemented according to high standards. He affirmed that citizens' cooperation and commitment to paying their bills are essential factors in the ministry's continued operation and the improvement of services.
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