Damascus, Jan. 19 (SANA) Syria’s Ministry of Energy signed two agreements on Monday aimed at expanding phosphate production and marketing, signaling a push to strengthen the country’s presence in global mineral markets.
The agreements were signed in Damascus in the presence of Energy Minister Mohammed al-Bashir and the Director General of the General Corporation for Geology and Mineral Wealth, Siraj al-Hariri.
Under the first deal, Sharkia Trading and Contracting Company will invest in one million tons of phosphate from Syrian mines, covering exploration, extraction, and export. The second agreement, with Al-Hassan Holding Company, involves the sale of one million tons of phosphate via land transport and an additional 1.5 million tons via maritime routes, expanding Syria’s marketing channels and boosting revenue.
The deals come amid Syria’s broader strategy to leverage phosphate as a strategic economic resource. Recent agreements, such as the December 2025 deal with Serbia’s TERYAQ/ELIXIR Group to export 1.5 million tons of phosphate by 2026, highlight Syria’s efforts to attract foreign investment and develop its mineral sector.
Syrian officials have set ambitious targets, aiming to raise annual phosphate output to 7 million tons in the near future, with plans for processing facilities and related industrial investments.
Phosphate, a key component in fertilizers, is increasingly seen as a strategic export for Syria, offering potential to strengthen the national economy and attract global investment amid ongoing reconstruction efforts.
