Riyadh, Saudi Arabia | Sep 12, 2025 (The Arabian Wall Street) — In a significant gesture of support, Saudi Arabia, through the Saudi Fund for Development (SFD), has granted Syria 1.65 million barrels of crude oil. The initiative reflects the Kingdom’s commitment to bolstering Syria’s energy sector and improving economic stability.
The agreement was formalized with the signing of a memorandum of understanding between SFD CEO Sultan Al-Marshad and Syrian Minister of Energy Mohammed Al Bashir. The grant was issued under directives from Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz Al Saud, highlighting the importance of Saudi leadership’s role in strengthening regional partnerships.
Officials stated that the crude oil grant will enhance refinery operations in Syria, ensuring both operational and financial sustainability. The supply aims to ease the country’s economic strain, provide stability for vital industries, and help address ongoing challenges in energy availability.
The initiative goes beyond energy, targeting broader economic development goals. It is expected to stimulate the growth of critical sectors, foster job creation, and contribute to the advancement of sustainable development objectives. By securing energy flows, Syria’s industrial and service sectors can regain momentum, boosting overall national recovery.
Diplomatically, the grant underscores the close relations between Saudi Arabia and Syria, further cementing ties after years of regional realignment. The move is seen as part of Riyadh’s ongoing efforts to improve the living conditions of the Syrian people, showcasing the Kingdom’s humanitarian and developmental outreach across the Arab world.
As Syria continues to rebuild amid ongoing challenges, the Saudi oil grant is poised to play a pivotal role in stabilizing the nation’s energy infrastructure and supporting its long-term economic sustainability.
