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Turkey and Syria Set for $7B Energy Agreement

12/30/2025

29 7 Full Breakdown

Summary

Story summary

Turkey plans to finalize an energy exploration agreement with Syria in 2026 to survey offshore resources along the Syrian coast.
Turkish Energy Minister Alparslan Bayraktar said a preliminary framework agreement has been signed.
Greece and Cyprus fear the move could lead to a joint Exclusive Economic Zone.
Additionally, a $7 billion agreement for gas power plants and solar facilities in Syria was established.

History

Historical Context

The United Nations established the Law of the Sea in 1971, defining maritime boundaries and economic zones. In 2019, Turkey signed a controversial maritime agreement with Libya's Government of National Accord, claiming rights to seabed resources. This has escalated tensions with Greece and Cyprus, who view the deal as a violation of international law, reflecting ongoing disputes over territorial claims in the Eastern Mediterranean.

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Story summary

Turkey plans to finalize an energy exploration agreement with Syria in 2026 to survey offshore resources along the Syrian coast.
Turkish Energy Minister Alparslan Bayraktar said a preliminary framework agreement has been signed.
Greece and Cyprus fear the move could lead to a joint Exclusive Economic Zone.
Additionally, a $7 billion agreement for gas power plants and solar facilities in Syria was established.

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