LONDON: The Syrian Petroleum Company has announced the arrival of the second and final oil shipment under the Saudi-Syrian grant agreement, which aims to support the country’s struggling energy sector.
Ahmad Qabahjee, the deputy executive director of the company, said that the Saudi oil tanker Reliable Warrior had arrived at Baniyas Port in the Syrian Arab Republic on Monday.
He added: “This is the final batch of the Saudi oil grant, totaling 1 million barrels. It will play a crucial role in meeting Syria’s energy needs.”
The shipment followed an earlier delivery of 650,000 barrels in November. The Saudi grant aims to address ongoing electricity shortages in Syria and enhance the country’s energy infrastructure, the Syrian Arab News Agency reported.
The crude oil is to be refined to provide fuel for power plants to improve the electricity supply for residents and key industries. The grant also aims to boost the availability of essential petroleum products, such as diesel and gasoline, and support Syria’s industrial and agricultural sectors, the SANA added.
The Saudi tanker Petalidi delivered 650,000 barrels of crude oil to Baniyas in November under the terms of the grant agreement. The two shipments total 1.65 million barrels.
