Business · Energy & Commodities · 8 hrs ago
Syria approves first bank transfer with Aramco for fuel supplies
The Syrian Petroleum Company says its first bank transfer with Saudi oil company Aramco has been approved through Syria’s central bank.
The transfer is intended to support supplies of petroleum products to Syria.
The company is also activating agreements with Saudi firms to develop Syria’s oil and gas sector.
It says ADES has begun developing oil fields, while Arabian Drilling has started moving drilling rigs into Syria.
The company’s executive vice president said it is in advanced talks with Aramco, Gasco and other Saudi companies about developing the oil and gas transport network.
The agreements include training and developing Syrian workers, and the talks could lead to further cooperation.
The Syrian Petroleum Company has approved its first bank transfer with Saudi Aramco to support supplies of petroleum products.
The transfer was made through the Central Bank of Syria, with the central bank’s support.
The company’s deputy chief executive, Khaled Latouf, said the transfer was approved the day before the report.
Latouf said the company is activating agreements with major Saudi companies to develop Syria’s oil and gas sector.
He also said talks with Aramco, Gasco and other Saudi companies on developing oil and gas transport were advanced.
- Who
- The Syrian Petroleum Company and Aramco.
- What
- They approved their first bank transfer to support supplies of petroleum products.
- When
- The day before the report, published on 12 October 2026.
- Where
- Through the Central Bank of Syria.
- Why
- To strengthen supplies of petroleum products.
This story does not have two clearly opposing sides.
The Syrian Petroleum Company signed agreements with Saudi companies, including Ades and Arabian Drilling Company.
Ades began developing oil fields, and Arabian Drilling Company began moving rigs to Syria.
The first bank transfer between Aramco and the Syrian Petroleum Company was approved through the Central Bank of Syria.
- Transfer
- First bank transfer between Aramco and the Syrian Petroleum Company
- Bank
- Central Bank of Syria
- Purpose
- Support supplies of petroleum products
- Company representative
- Khaled Latouf, deputy chief executive
- Other companies
- Ades, Arabian Drilling Company and Gasco
What people are saying
Yesterday, the first bank transfer between Aramco and the Syrian Petroleum Company was approved through the Central Bank of Syria to strengthen supplies of petroleum products, and this is a very excellent step.
Sources
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