Syrian Experts: Syria Ready as Regional Energy Hub
Syria is considered by Syrian experts to be qualified to become a regional energy corridor, especially in the transportation of oil, gas, and trade, due to its geographical location and infrastructure. However, achieving this requires massive investments, improved security and political stability, as well as long-term agreements. Experts affirmed that activating energy corridors could generate financial revenues for Syria from tolls, storage, and logistical services, create job opportunities, and strengthen engineering and petrochemical industries. They also emphasized the need to allocate a portion of these revenues towards reconstruction, enhancing the electricity sector, and promoting sustainable development. Additionally, they highlighted strategic projects such as rehabilitating the Kirkuk-Banyas pipeline, which could generate approximately $200 million annually from tolls, and developing transportation and energy networks to connect the region with the Gulf, Russia, and Europe. They stressed the importance of approaching financing, security, and legal frameworks with caution to ensure the successful transformation of Syria into a regional energy hub.
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