Washington’s decision to withdraw troops from Syria may lead to US-backed forces in east Syria coming under pressure from both Damascus and Russia as they bid to get their hands on lucrative gas and oil fields.
On the eastern banks of the Euphrates, US-backed forces control a number of oil fields and gas plants that the Syrian Democratic Forces (SDF) seized from ISIS last year, including the Conoco natural gas facility, which had the largest capacity of any gas field in Syria before the conflict, and the Al Omar oil field, Syria’s largest and most lucrative.
Their output has decreased in recent years, but they continue to be a source of leverage for both the SDF and Washington.
The Syrian government and its Russian and Iranian allies have sought to win back these vital oil and gas fields.
For Damascus, the oil and gas sector is critical to restoring electricity, providing local fuel, funding reconstruction and providing government revenues.
Russia, on the other hand, is interested in cementing itself as a dominating force in Syria’s oil and gas sector.
Evropolis, a Moscow-based company formed in 2016, reportedly struck a deal with the Syrian government granting it a 25 percent share of oil and natural gas produced on territory its mercenaries captured from ISIS last year.
The company is believed to be associated with Russian businessman Evgeny Prigozhin, who is also known as ‘Putin’s chef’, for his catering work with the Kremlin.
In recent months, near-disastrous confrontations have erupted between US forces and pro-government forces, including Russian mercenaries, who have sought to win control over these natural treasures.
Earlier in February, US forces killed between 200-300 pro-government fighters, including Russian mercenaries contracted with the controversial Wagner group, who were approaching US-controlled oil and gas fields in Syria’s east.
Despite the February clashes, coalition war planes have largely deterred Russian and Iranian forces from attempting to seize back control of the oil and gas fields.
A US pull-out from the oil-rich eastern region, however, will leave the SDF exposed to attacks by pro-government forces.
Alternatively, it may also facilitate an agreement between the Kurds and Damascus, that will see the former surrendering control over the natural resource treasures.
The outcome remains to be seen, but without US backing, there is little the SDF can do to secure continued control over the highly-coveted areas.
The Kurdish force has yet to issue an official response to Washington’s decision to withdraw troops, which was announced by both the Pentagon and the White House on Wednesday.
However, the Syrian Observatory for Human Rights cited anonymous sources as saying that the SDF’s command perceived the move as a “stab in the back” and a “betrayal.”
Scoreline
Switzerland 5
White hydrogen: Naturally occurring hydrogen Chromite: Hard, metallic mineral containing iron oxide and chromium oxide Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour
Co-founders of the company: Vilhelm Hedberg and Ravi Bhusari
Launch year: In 2016 ekar launched and signed an agreement with Etihad Airways in Abu Dhabi. In January 2017 ekar launched in Dubai in a partnership with the RTA.
Number of employees: Over 50
Financing stage: Series B currently being finalised
