Jordan explores energy investment opportunities with Syria

Ammon

28-05-2025

Ammon News - A Jordanian economic delegation visiting Damascus held talks with Syria's Minister of Oil and Mineral Resources, Mohammad Al-Bashir, to explore opportunities for cooperation in energy projects, particularly in renewable energy.
The meeting, attended by Jordan's Chargé d'Affaires in Damascus, Basel Al-Kayed, focused on potential investments in electricity, gas, oil derivatives, mining, engineering consultancy, and clean energy. Discussions aligned with Syria's broader efforts to diversify its energy sources and attract international partnerships.
The delegation, headed by Jordan Chamber of Commerce President Khalil Al-Haj Tawfiq, was briefed on Syria's current and planned projects in the electricity, water, and domestic gas sectors.
Al-Bashir expressed appreciation for Jordan's longstanding support, including its early role in hosting Syrian refugees and facilitating the delivery of gas to Syria. He described the Jordanian contribution as a reflection of deep, brotherly ties.
He also emphasized Syria's openness to expanding investment partnerships, especially in renewable energy, where Jordanian companies have developed notable expertise. Al-Bashir noted that the recent easing of U.S. and European sanctions on Syrian oil institutions could help accelerate the sector's recovery and infrastructure development, potentially paving the way for new investment.
Syria is currently reviewing proposals for alternative energy projects with a projected capacity of 300 megawatts. In the coming months, the government is expected to sign agreements with several international companies for projects in oil, renewable energy, and electricity, including plans to build a new oil refinery.
Speaking on behalf of the delegation, Al-Haj Tawfiq said the visit reflects the private sector's commitment to redefining the economic relationship between the two countries and supporting Syria's post-crisis recovery. He underscored the importance of drawing on Jordan's experience in renewable energy to support investment, reduce production costs, and spur economic growth.
The delegation also included senior representatives from Jordan's trade and industrial sectors. Hassan Al-Hiyari, CEO of the Jordan Petroleum Refinery Company, confirmed the company's readiness to supply fuel to southern Syria, emphasizing Jordan's role in delivering gas at competitive prices.
Additional members of the delegation, including representatives from the Irbid Chamber of Commerce and sectors such as electronics, furniture, and water infrastructure, shared proposals for joint initiatives and stressed the value of Jordanian technical expertise in power, water, and sanitation projects.