Saudi Firm Takes Over Sites
Syria's state petroleum company has begun the executive phase of a contract to develop and operate a group of natural gas fields in the country's central region, in Homs province. On 2 July 2026 the company handed the work sites to the Saudi firm ADES, formally starting field operations under the agreement.
The contract was originally signed on 5 April 2026, part of a strategy to raise gas production and rehabilitate existing fields rather than rely on imports.
Output Set to Rise
The project is designed to increase output from the fields by 25 percent within its first six months and by 50 percent by the middle of next year. At that level, daily production would reach about 4 million cubic meters of gas.
The staged targets tie the contractor's work to measurable volumes rather than a single completion date, making the first six-month milestone the earliest test of progress.
Fueling the Power Grid
The additional gas is intended to feed the supplies needed to generate electricity, one of the sharpest bottlenecks for households and industry. Officials have framed expanded domestic output as central to easing chronic power shortages that shape daily life across much of the country.
Currency Under Pressure
The Syrian pound (SYP) traded near 13,000 to the US dollar (USD) this week, down roughly 4 percent over the past seven days and about 6 percent over the month. Energy scarcity has been among the strains on the currency, giving fresh gas supply a significance beyond the power sector alone.
Standards and Local Skills
A senior exploration and production official said the work would proceed under the highest quality, security and safety standards. He added that it would transfer modern technology and train Syrian personnel, aims the company links to strengthening the gas sector and national energy security.