All NewsEducationTV
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
Story archiveAll categories
← All Stories

Syria agrees to cut Russian oil imports in US sanctions talks

Created at 4 Aug · 10:28 AM1 source↑ Market-relevant
IN SHORT

Syria has agreed to significantly reduce its imports of Russian oil as part of ongoing discussions with the United States aimed at removing Syria from the list of state sponsors of terrorism. This move could alter Syria's energy policy and represents a new avenue for U.S. pressure on Russia's influence in the region.

✉Newsletter

PiQ Daily

Pick your topics. Get only what matters, on your cadence.

Key Numbers

1979year Syria was placed on state sponsor of terrorism list
45-daynotification period for removing Syria from list
60,000barrels per day of Russian crude oil imported by Syria
75%increase in Russian oil shipments to Syria this year

Who's Involved

Syria
agreed to reduce Russian oil imports in exchange for potential U.S. sanctions relief
United States
discussing removal of terrorism designation and encouraging reduced Russian oil imports
Donald Trump
administration initiated process to remove Syria from terrorism list
Navvar Saban
Syrian analyst commenting on U.S. pressure and energy policy
TotalEnergies
French oil major discussing exploration contract with Syria
ConocoPhillips
partner in deal to revive Syrian gas production
Novaterra
partner in deal to revive Syrian gas production
Syria agrees to cut Russian oil imports in US sanctions talks

↳ Why This Matters

Syria's agreement to reduce Russian oil imports signals a potential shift in regional energy dynamics and a U.S. strategy to counter Russian influence. It could impact Syria's energy security and its relationship with both Russia and the West, while also influencing the U.S. decision on sanctions relief.

Key facts

  • Syria has agreed to drastically reduce imports of Russian oil.
  • This reduction is part of discussions with the U.S. on lifting Syria's state sponsor of terrorism designation.
  • Syria's reliance on Russian oil has grown, with shipments up 75% this year.
  • U.S. officials indicated ending Russian oil purchases would improve chances of lifting the designation.
  • Syria stated that removing the designation would allow for a diverse energy supply network.

Damascus has signaled its willingness to significantly decrease its imports of Russian oil as part of ongoing discussions with the United States concerning the potential removal of Syria's designation as a state sponsor of terrorism. This potential shift represents a major change in Syria's energy policy, which has become heavily dependent on Russian crude.

Senior Syrian officials have reportedly communicated this readiness to U.S. counterparts during talks about rescinding the decades-old designation. While a U.S. official stated there is no explicit link between the designation removal and reduced Russian oil imports, another source briefed on the matter indicated that ending purchases of Russian oil would "improve the chances of lifting the SST designation quickly and without complications."

Syria's reliance on Russian oil has grown, with imports jumping 75% to approximately 60,000 barrels per day this year. Syrian officials have indicated that they import Russian oil out of necessity and would seek alternative suppliers if the U.S. designation is lifted, allowing for a more diverse energy supply network. However, analysts note that replacing these volumes could be challenging without risking shortages or higher costs.

The U.S. has been increasingly focused on reducing Russia's economic influence in Syria. The State Department encouraged Syria to engage with trusted corporate partners, particularly U.S. firms, during its recovery and reconstruction. Meanwhile, Congress has directed the Pentagon to explore options for diminishing Russia's presence in the country.

Syria is one of only four countries on Washington's state sponsor of terrorism list. President Donald Trump informed Congress of his intent to remove Syria from the list, initiating a 45-day notification period. The country's new government has pledged not to threaten regional security, joined the U.S.-led coalition against the Islamic State, and has worked to curb weapons smuggling.

Frequently asked questions

The state sponsor of terrorism (SST) designation is a U.S. list of countries deemed to have repeatedly provided support for acts of international terrorism. Syria has been on this list since 1979.

Despite a political pivot towards the West, Syria has become heavily reliant on Russian oil due to limited alternatives, especially after most Western sanctions were lifted.

Reducing Russian oil imports could be a key step for Syria to improve its chances of having the U.S. state sponsor of terrorism designation removed, potentially opening up more diverse energy supply options and improving its international standing.

What Happens Next

01The U.S. must certify to Congress that Syria has not supported international terrorism in the preceding six months.
02Syria is expected to seek new suppliers for its oil needs.
03TotalEnergies and other partners may finalize energy contracts with Syria.

Get the newsletter.

Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

Cadence

How It Developed

Syria has indicated willingness to drastically reduce Russian oil imports.
The U.S. is considering removing Syria from the list of state sponsors of terrorism.
Syria's readiness to decrease Russian oil imports has not been previously reported.
A U.S. official stated there is no direct link between removing the designation and reducing Russian oil imports.
Syria's oil supply options remain limited despite most Western sanctions being lifted.
Russian oil shipments to Syria increased by 75% this year.
Syrian officials stated they would buy oil elsewhere if the designation is lifted.
TotalEnergies discussed an offshore exploration contract with Syria.

Sources

T1
Exclusive-Syria tells US it is willing to drastically drop Russian oil imports, sources sayReuters

Related Stories

Pentagon seeks 'creative' ways to punish Iran, report says
3 Aug · 7:31 PM
Iran denies US talks as ship hit near Hormuz
3 Aug · 6:21 PM
Saudi Tankers Go Dark to Evade Houthi Threats in Bab el-Mandeb
3 Aug · 1:11 PM
Iran and Oman discuss Hormuz shipping control plan amid US blockade
4 Aug · 9:46 AM
Middle East conflict disrupts Beiersdorf sales, deliveries in Gulf
3 Aug · 3:06 PM