London, Dec. 8 (SANA) The British newspaper The Independent reported that Syria’s post-liberation economic openness is paving the way for new investments, particularly in the oil sector. Foreign companies, including Chevron, recently held preliminary talks with the Syrian Petroleum Company to explore opportunities along the Syrian coast.
Lifting sanctions, including the near cancellation of the Caesar Act, has revived hopes for broader investment. Chevron’s visit signals that Syria’s oil sector is preparing for significant growth, with plans to engage global energy companies in the country’s maritime zones.
Syrian energy researcher Ziad Arbash told The Independent: “There are many economic benefits from companies like Chevron entering Syria, including advanced exploration and production technology, increased gas output, improved energy security, higher government revenues, and new job opportunities. Past agreements worth $7 billion with U.S. and Qatari firms in gas and solar energy illustrate the potential for reducing imports and supporting reconstruction.”
Economic experts noted that lifting the Caesar Act will not only enable announced projects but could attract unexpected waves of international investment, leveraging Syria’s strategic geographic and commercial position. Among upcoming initiatives are 12 investment projects valued at $14 billion, planned across multiple Syrian provinces.
Economic experts told the newspaper that canceling the Caesar Act will not only open the way for implementing the investments that have been announced, but that Syria will also witness unexpected waves of investment, some of which may take on an international character, noting that the time has come to invest in Syria’s geographical and commercial position.
According to The Independent, major projects that Syria will implement through strategic partnerships will constitute a qualitative shift in infrastructure and economic life. It explained that among the most prominent of these projects are investment memorandums of understanding signed on August 6 with several international companies, which included 12 investment projects worth 14 billion US dollars, to be carried out in several Syrian provinces.
