A report outlining analysis of the Syrian Integrated Energy Supply System and recommending targeted energy sanctions and its impact in order to weaken the Assad regime.
This report outlines the Strength, Weakness, Opportunities, and Threats (SWOT) analysis of the Syrian Integrated Energy Supply System and recommends targeting energy sanctions to further weaken the Assad regime. The report also assesses the socioeconomic impact and the effectiveness of the policy recommendations of a proposed imposition of a Syria-specific energy sanctions. The report is prepared by SRCC Energy Team and edited by Ausama Monajed.
The Assad regime exports an estimated 148,000 bpd. There are two main grades, Syrian Light and Soweidie. Currently all exports are of the Soweidie grade since local refineries need Syrian Light to process for products for the domestic market. The technical specifications of Soweidie are worth noting as they affect consideration of sanctions. Oil revenues account for about a third of the regime’s income and are the main resource for financing the repressive organs of the Assad who employs over a quarter of a million security personnel. If the regime is to be hurt, its financial body should be targeted, as the absence of money equals the absence of hired mercenaries and thugs. The regime has been suffering financial difficulties since the start of the revolution. The Assad regime has no sufficient foreign reserves to withstand the effects of oil sanctions for a number of months as it is already facing problems feeding internal need due to the usage of gas by the heavy armored units utilized to suppress the demonstrators.
The regime’s exports are all handled by Sytrol, the state monopoly company. Relatively few refineries are adapted to handle crude grades as sour and heavy as the Syrian grade. It is shipped through Aframax tankers