Syria has selected an offshore location for its first deep-water oil and gas exploration project involving US energy company Chevron and Qatar’s UCC Holding, the Syrian Petroleum Company. Syria’s territorial waters in the eastern Mediterranean are considered strategically important due to major natural gas discoveries in recent years involving Egypt, Israel, Cyprus and Lebanon. According to Tawil, onshore oil production had previously served as a central source of state reven

First came the tariffs in August—50% duties on Indian goods, dressed up as punishment for buying Russian oil. Caught between an old ally in Moscow and mounting pressure from Washington, India’s energy policy has become a delicate balancing act. But just how critical is Russian oil to the Indian economy? [In 2024], India, the world’s third-largest oil importer, bought $52.7bn of Russian crude—37% of its oil bill—followed by Iraq, Saudi Arabia, the UAE, Nigeria, and the US. Des