CEO: SOCAR Türkiye poised to aid Syria's post-conflict energy needs

SOCAR Türkiye has expressed readiness to participate in Syria's energy supply, as announced by its CEO, Elchin Ibadov, during a press conference in Istanbul.

According to him, the establishment of peace and stability in Syria and the region is a cause for celebration, Caliber.Az reports via local media.

With the restoration of peace and stability, economic development will commence, which in turn will lead to increased energy demand.

"If SOCAR Türkiye is assigned a role in line with the shared strategic interests of our countries—Azerbaijan and Türkiye—while this energy is in demand, then it is, of course, our duty to fulfil it," stated Elchin Ibadov.

Notably, Syria's 13-year-long conflict has severely disrupted its energy sector, leaving the country reliant on Iranian imports for fuel and electricity. The destruction of infrastructure, fragmentation of fossil fuel control, and financial instability have crippled energy production, with over half the electricity grid rendered inoperative. This decline has reduced electricity availability to just 2-4 hours daily, significantly impacting both the economy and citizens' lives.

Historically dependent on fossil fuels, Syria's electricity production has fallen by 58% since 2011. Thermal power plants, fuelled by natural gas and oil, account for 96% of production, but acute shortages have stalled operations. Renewable energy offers a potential solution. With abundant sunlight and areas suitable for wind energy, Syria’s geography is well-suited for solar and wind investments, providing a path to energy diversification.

Syria's geostrategic position in the Middle East heightens its importance in global energy geopolitics. As a potential transit hub for oil and gas pipelines connecting major producers like Iran, Iraq, and Qatar to Europe, the country is central to regional energy strategies. Multiple scenarios for energy transit routes involve partnerships with Russia, Iran, the US, or Gulf countries, highlighting the interplay of global powers in Syria's energy future.

Türkiye plays a pivotal role in shaping the region’s energy dynamics. By integrating Syria into Türkiye’s infrastructure, including the potential Qatar-Türkiye pipeline and the Eastern Mediterranean electricity network, Türkiye could bolster its position as a regional energy hub. These projects align with Türkiye’s ambitions for leadership in clean energy transitions and regional energy interdependence.

However, significant obstacles remain. Sanctions on Syrian oil imports, the lack of stable governance, and extensive infrastructure rebuilding needs complicate progress. Relaxing sanctions could provide short-term relief, while long-term recovery will require substantial investment, advanced technology, and international collaboration.

The energy crisis underscores Syria's urgent need for sustainable energy solutions and geopolitical stability to rebuild its economy and meet rising electricity demand amid ongoing challenges.

By Aghakazim Guliyev