Crude Oil and the Syrian Conflict

syriaqatarpipeline

Noticed something whirring overhead? Must be the smell of drama. It seems that the Arab countries are willing to fund the entire operation of any U.S. military adventure in Syria. Says, Secretary of State John Kerry, “That’s how dedicated they (Arab Gulf states) are at this. That’s not in the cards, and nobody’s talking about it, but they’re talking in serious ways about getting this done”.

But why would the Arab Gulf states want to pay for the marauding invasion of Syria?

Arguably, Syria isn’t a major producer of oil and gas. Depletion of oil reserves is a vital problem facing the energy sector of the country. The oil production has decreased over the years. Syria had 2,500,000,000 barrels (400,000,000 m3) of petroleum reserves as of January 2010. So, the whole hullaballoo about Syria is definitely not about oil in the Syrian territory. What then?

Because of its strategic location vis-à-vis energy transit routes. As it turns out, many key energy transit routes to Europe run through Syria…more

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