Riyadh, Saudi Arabia | Sep 12, 2025 (The Arabian Wall Street) — In a significant energy cooperation move, Saudi Arabia has granted Syria 1.65 million barrels of crude oil. The initiative, overseen by the Saudi Fund for Development (SFD), reflects the Kingdom’s commitment to strengthening bilateral ties and supporting Syria’s economic recovery.
The grant comes under the directives of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz Al Saud. It highlights Saudi Arabia’s role as a regional leader in providing targeted assistance to its neighbors.
A memorandum of understanding (MoU) was formally signed between SFD CEO Sultan Al-Marshad and Syrian Minister of Energy Mohammed Al Bashir. Under this agreement, the crude oil will be supplied to help revitalize Syria’s refinery operations, improve financial sustainability, and ensure steady energy availability.
The initiative is designed not only to enhance refinery performance but also to strengthen economic development, address immediate fiscal challenges, and stimulate the growth of vital industries in Syria. It also supports the broader sustainable development goals (SDGs), reinforcing long-term socio-economic stability.
Officials underscored that the grant reflects Saudi Arabia’s continued humanitarian and development efforts aimed at improving living conditions for the Syrian people. It builds on the long-standing relationship between the two countries and showcases the Kingdom’s willingness to contribute actively to Syria’s stability and prosperity.
Analysts suggest that beyond energy supply, the deal symbolizes a diplomatic and economic bridge that could pave the way for deeper regional cooperation in rebuilding infrastructure and restoring economic confidence in Syria.
