Energy Intelligence interview with Gulfsands Managing Director, John Bell

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19.12.24
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Energy Intelligence interview with Gulfsands Managing Director, John Bell

Gulfsands Managing Director, John Bell, was pleased to speak to @Tom Pepper at @Energy Intelligence earlier this week on the importance of sanctions relief for the future of Syria’s energy sector.

In many respects, it is still too soon to know how the dust will settle in Syria after a tumultuous fortnight. But at @Gulfsands, we see cause for cautious optimism for the Syrian people. Above all, we believe the oil and gas industry can be a critical sector for moving the needle in terms of providing significant revenue to fund recovery, reconstruction, and sorely-need humanitarian support across the country.

As John explained to Tom in the interview, lifting sanctions and allowing international energy companies to return and invest could allow output to rise to 400,000-500,000 barrels of oil equivalent per day in under four years. That would give gross revenue somewhere in the region of $10 billion-$15 billion per year at current prices.

We would need to ensure appropriate governance and safeguards are in place, but the benefits for Syrians of a revitalised energy sector along these lines are potentially huge. This is all the more critical at a time of significant international donor fatigue due to other devastating conflicts in the world. You can read the full piece at https://www.energyintel.com/00000193-b16a-dd31-a1ff-b57a76560000 and for those without a subscription, a PDF of the interview is below.

https://gulfsands.com/wp-content/uploads/2024/12/Gulfsands-Petroleum-Energy-Intelligence-Interview.pdf

And please do keep across our work at Gulfsands by following us on LinkedIn or on our website https://gulfsands.com/. We are always interested to hear others’ views and input.

#Gulfsands #ProjectHope #Syria #Sanctions

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