- A joint venture between ConocoPhillips and Syrian Petroleum Company aims to develop gas fields in Syria, with a decision to lift sanctions in July 2025.
- The Syrian Petroleum Company is undergoing a refinery overhaul, which is expected to increase its production capacity.
Syrian Petroleum Company begins construction of new refinery near Homs
What happened
Syrian Petroleum Company began construction of a new refinery near Homs on November 2, 2026. The existing Homs refinery, which is crucial for securing petroleum derivatives for the domestic market, recently rehabilitated atmospheric distillation unit "10". This unit has a design capacity of one million tons of crude oil annually.
From aawsat.com
Why it matters
The construction supports the Syrian Petroleum Company's efforts to increase production capacity. The Homs refinery currently produces approximately 60,000 to 70,000 barrels per day of petroleum derivatives, which supports the availability of diesel, fuel oil, and kerosene in the local market.
The Syrian Petroleum Company is currently undergoing a refinery overhaul, which is expected to increase its production capacity. Additionally, a joint venture between ConocoPhillips and Syrian Petroleum Company aims to develop gas fields in Syria, with a decision to lift sanctions in July 2025.
From aawsat.com
Who's involved
- Syrian Petroleum CompanyState-owned oil company expanding operations and constructing a new refinery near Homs.
- HomsCity where the refinery is located and a key hub for securing petroleum derivatives.
- ConocoPhillipsAmerican oil and gas company engaged in a joint venture with Syrian Petroleum Company to develop gas fields.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- SyriaSpeculative
Increased domestic production capacity could stabilize the national energy supply.
- Ministry of Economy and IndustrySpeculative
The event might secure a vital industrial asset, supporting domestic supply.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- New Syrian refinery could reduce Saudi Aramco's supply demandNew Syrian refinery may reduce Saudi Aramco's commercial supply demandPossible
- New refinery construction near Homs boosts industrial capacity under Ministry oversightNew refinery construction near Homs boosts industrial capacity under Ministry oversightPossible
- New refinery construction may boost Syria's domestic fuel supplyIncreased domestic production capacity may stabilize Syria's national energy supply.Possible
Keep exploring
The entities involved
-
Homs
city in western Syria
-
Syrian Petroleum Company
state-owned oil company
Nothing else this week.