US maintains Syrian oilfield presence
The US government has reiterated its commitment to defeating so-called Islamic State in Syria and says it is merely protecting the country’s oil from falling into the ‘wrong’ hands
US oil firm Delta Crescent Energy (DCE) announced in August last year that it had secured a contract from the Autonomous Administration of North and East Syria (Rojava) for the modernisation and development of oilfields. With sanctions imposed on Syria by western governments remaining in place, the move required approval for a waiver from the US Treasury Department's Office of Foreign Asset Control (OFAC), which administers Washington’s sanctions lists, leading to speculation around state involvement. The Pentagon sought in mid-February to dispel reports that the US military was providing cover for DCE to work on oilfields following criticism of US expropriation of Syrian oil under a contrac
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
