The Syrian Petroleum Company (SPC) launched a project with Saudi Arabia-based energy services company ADES for the development and operation of several natural gas fields in Homs province. According to a statement from SPC, under the implementation agreement signed on April 5, the fields were handed over to ADES and work has begun.
The project aims to increase production at the gas fields by 25 percent in the first six months and by 50 percent by the middle of next year. Thus, daily production is planned to be raised to approximately 4 million cubic meters and used for electricity generation.
Walid al-Youssef, deputy general manager of SPC responsible for exploration and production, stated in a statement to SANA news agency that the project also includes technology transfer and training for Syrian personnel. This is aimed at contributing to the development of the gas sector.
Investment flow from Gulf countries into Syria's energy sector
This project stands out as the latest investment move from Gulf countries to rebuild Syria's energy infrastructure following the overthrow of the Bashar al-Assad regime in December 2024. The new administration led by Ahmed al-Sharaa is trying to attract foreign capital for reconstruction, after Western sanctions were lifted last year.
Other major deals in the region are as follows:
- A consortium led by Qatar-based UCC Holding signed a $7 billion energy production agreement in May 2025. Four combined cycle gas turbine plants will be built in Aleppo, Deir ez-Zor, and Hama, along with a 1-gigawatt solar power plant in the south.
- A memorandum of understanding was signed between Saudi Arabia and Syria in Riyadh in July 2025 covering oil and natural gas cooperation, petrochemicals, electricity sector development, and renewable energy projects.
- UAE-based Dana Gas reached a preliminary agreement with Damascus last November for the redevelopment of fields including Abu Rabah, one of Syria's largest gas fields.
- In December, several Saudi energy companies signed agreements with SPC aimed at gas field development and production increase.
Syria's energy deficit and targets
Syria's daily natural gas demand stands at approximately 23 million cubic meters. However, production, which exceeded 21.9 million cubic meters before the civil war, had dropped to 7-8 million cubic meters as of last July. The country is trying to reactivate its energy potential with proven reserves of 2.5 million barrels of crude oil and 8.5-9 trillion cubic feet of natural gas.
