The history of Syrian oil began in 1933 with its discovery in the Déir al-Pour zone to begin the real flow of the crude northeast of the country in 1956.
The sector attended a fundamental change in 1963, the Baath party assumed power and prevented foreign companies from searching.
Syria made successive achievements in the oil sector, starting with the export of the first expedition in 1968, thanks to the creation of the Syrian Oil Company in 1974, until the peak of production in 1996 at a rate of 600,000 barrels per day.
However, the sector has experienced strong deterioration since the crisis in 2011, with the change in oil field control and US intervention to protect the eastern Euphrates fields in 2016.
The losses of the sector were estimated by 2022 at around $ 100 billion, while the British company “Gulf Sands” called in 2024 to raise sanctions to resume production.