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Wasting oil revenues: Homs, Banias refineries

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...

$12 million for fledgling company: Oil contract details

Official documents have revealed that the Syrian Petroleum Company recently signed a negotiated contract worth $12.3 million with Petroleum Services Enhancement Company (PPS), raising questions about the criteria used to award the contract to a company that was only established a few months...