Riyadh, Saudi Arabia | Sep 12, 2025 (The Arabian Wall Street) — In a move underscoring deepening cooperation between Riyadh and Damascus, Saudi Arabia has granted Syria 1.65 million barrels of crude oil through the Saudi Fund for Development (SFD). The grant reflects the Kingdom’s commitment to easing economic challenges and promoting regional stability.
The agreement was signed in the presence of SFD CEO Sultan Al-Marshad and Syrian Minister of Energy Mohammed Al Bashir, following directives from Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Crown Prince Mohammed bin Salman, who also serves as Prime Minister.
According to the memorandum of understanding, the crude oil will enhance the operations of Syrian refineries, helping them achieve operational and financial sustainability. The initiative is expected to improve local fuel supplies, stabilize energy markets, and support Syria’s broader economic recovery efforts.
Beyond its immediate energy impact, the grant aims to foster economic development, strengthen vital sectors, and align with global sustainable development goals (SDGs). Analysts note that such assistance comes at a critical time for Syria, where infrastructure and essential industries continue to face severe strain.
The Kingdom described the move as part of its humanitarian and economic solidarity with the Syrian people. The SFD emphasized that the initiative is consistent with Saudi Arabia’s policy of supporting brotherly nations to overcome hardships and build stronger economic foundations.
Observers also highlight that the grant carries diplomatic weight, signaling a continued effort by Saudi Arabia to build bridges with Syria. The move complements wider regional trends of reconciliation and reintegration of Syria within the Arab world.
With energy security at the core of both nations’ priorities, the Saudi crude oil grant is not only an economic lifeline but also a symbol of renewed cooperation that may shape future Gulf–Levant ties.
