Syrians Decry Soaring Electricity Prices

Syria's electricity infrastructure was hammered by years of civil war © LOUAI BESHARA / AFP
Syria's electricity infrastructure was hammered by years of civil war © LOUAI BESHARA / AFP
TT

Syrians Decry Soaring Electricity Prices

Syria's electricity infrastructure was hammered by years of civil war © LOUAI BESHARA / AFP
Syria's electricity infrastructure was hammered by years of civil war © LOUAI BESHARA / AFP

When Hani Massalkhi went to pay his electricity bill in Damascus this week, he discovered that, under the new tariffs, the amount due was higher than his monthly income.

Massalkhi, a retired agricultural engineer who lives on a $70-a-month pension, left without paying.

"My bill used to vary between 15,000 and 20,000 pounds (less than $2). Now, it has surpassed 800,000 pounds", or $72, he told AFP.

In October, Syria's energy ministry hiked prices by up to 6,000 percent, sending shockwaves through a population already reeling from more than 13 years of war.

"Where are we supposed to get this money from?" Massalkhi wondered.

"People are emerging from a crisis, exhausted...they can't even put food on the table."

Authorities said the increase comes "within the framework of a project to reform the electricity sector, achieve sustainability, and improve service".

But, with most of Syria's population living below the poverty line and the minimum wage at around $75, many have found themselves unable to pay the new tariffs.

An official at the energy ministry did not respond to an AFP request for comment on the new prices.

- 'Electricity is a right' -

Since the ousting of longtime ruler Bashar al-Assad in 2024, the new Syrian authorities have repeatedly vowed to increase electricity production in a country where power cuts can last up to 20 hours a day.

Over the past year, they have signed contracts and memoranda of understanding to import gas from Turkey and Qatar to increase production.

They also hope to attract funding and investments to rehabilitate Syria's dilapidated infrastructure.

The World Bank estimates that post-war reconstruction will cost more than $216 billion.

However, citizens have yet to feel noticeable changes in their living conditions.

Damascus residents now receive up to six hours of state-provided electricity daily, but those outside the capital remain mostly in the dark.

Mohamad Ahmad, an economist and energy specialist at the Syria-focused consultancy Karam Shaar Advisory, told AFP that the price increase "primarily aims to prevent the financial collapse of the electricity sector".

"The core problem is not the tariff increase itself, but rather the erosion of wage purchasing power, particularly given that some employees earn less than $100 per month," he added.

On Thursday, a handful of people gathered outside the energy ministry in Damascus to protest the new tariffs, something unimaginable under the former government.

They held placards that read "we won't pay", condemning the widening gap between incomes and bills.

Protester Mohammed Daher, a retired public employee, told AFP that he now receives only two hours of electricity a day in the Tadamon suburb of Damascus.

He said that although he carefully rations his power use at home, he was "shocked to find out that my bill has surpassed 350,000 pounds ($31)," when it used to be less than $2.

"Where am I supposed to get that money from?" he added, saying his income was just $62 a month.

Feminist activist Sawsan Zakzak, 65, said she had been limiting her electricity consumption because she and her husband live on low pensions.

"We do not use air conditioning, and this year we did not use the boiler," she said as she held a placard that read "electricity service is a right".

"We also only watch television for a short period of time, fearing high tariffs."



Saudi Industry Minister Discusses Digital Transformation, Industrial Cooperation with Kazakh Ministers

Minister of Industry and Mineral Resources Bandar Alkhorayef and the Saudi delegation are seen during the meeting in Astana. (SPA)
Minister of Industry and Mineral Resources Bandar Alkhorayef and the Saudi delegation are seen during the meeting in Astana. (SPA)
TT

Saudi Industry Minister Discusses Digital Transformation, Industrial Cooperation with Kazakh Ministers

Minister of Industry and Mineral Resources Bandar Alkhorayef and the Saudi delegation are seen during the meeting in Astana. (SPA)
Minister of Industry and Mineral Resources Bandar Alkhorayef and the Saudi delegation are seen during the meeting in Astana. (SPA)

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held two bilateral meetings in Astana with Kazakhstan’s Deputy Prime Minister and Minister of Artificial Intelligence and Digital Development Zhaslan Madiyev and Foreign Minister Yermek Kosherbayev focusing on strengthening economic ties and expanding cooperation in digital transformation, artificial intelligence, and industrial and mining innovation, reported the Saudi Press Agency on Saturday.

Attended by Saudi Vice Industry Minister for Mining Affairs Eng. Khalid Al-Mudaifer, the meeting also tackled strengthening economic ties and expanding cooperation in digital transformation, artificial intelligence, and industrial and mining innovation.

During his meeting with Madiyev, the officials explored opportunities to exchange expertise in digital technologies and AI, emphasizing the role of advanced technologies in enhancing efficiency and competitiveness in the industrial and mining sectors.

Alkhorayef highlighted the Kingdom’s efforts to develop its digital infrastructure and build an integrated innovation ecosystem that accelerates the adoption of advanced technologies.

Alkhorayef and Kosherbayev discussed ways to deepen economic cooperation, expand investment partnerships in industry and mining, and facilitate the access of Saudi exports to Kazakh markets.

The meetings were held as part of Alkhorayef’s official visit to Kazakhstan that is aimed at strengthening bilateral cooperation in industry and mining, promoting knowledge exchange in digital transformation and advanced technologies, and supporting the objectives of Saudi Vision 2030.


US Refiners Can Still Absorb More Venezuelan Oil, Energy Secretary Wright Says

US Secretary of Energy Chris Wright attends the 2026 Infrastructure Summit of government officials, corporate executives, and labor leaders, in Washington, DC, US, March 11, 2026. (Reuters)
US Secretary of Energy Chris Wright attends the 2026 Infrastructure Summit of government officials, corporate executives, and labor leaders, in Washington, DC, US, March 11, 2026. (Reuters)
TT

US Refiners Can Still Absorb More Venezuelan Oil, Energy Secretary Wright Says

US Secretary of Energy Chris Wright attends the 2026 Infrastructure Summit of government officials, corporate executives, and labor leaders, in Washington, DC, US, March 11, 2026. (Reuters)
US Secretary of Energy Chris Wright attends the 2026 Infrastructure Summit of government officials, corporate executives, and labor leaders, in Washington, DC, US, March 11, 2026. (Reuters)

US refiners can still absorb more Venezuelan crude, Energy Secretary Chris Wright said on Friday, as the South American country's output bounces following the US capture of President Nicolas Maduro in January and facilities on the Gulf Coast make adjustments to process higher volumes of heavy oil.

Venezuela is sending about half of its total exports of 1.25 million barrels a day to the US, with the remaining volumes going mainly to India and Europe, according to figures based on tanker monitoring. Wright said the exports are expected to increase in the coming months.

The country's oil ministry forecast crude output of 1.37 million bpd by year-end, which ‌would imply a ‌22% increase from the 1.12 million bpd produced in late 2025.

"It ‌takes ⁠time because you ⁠buy your crude mixes by month from slates. It's a blend from everywhere. So you don't just flip on a switch, but you'll see more and more Venezuelan crude demanded by US refineries," Wright said at an event in Port Houston, Texas.

US oil output also is expected to continue rising, with production of shale oil and gas growing modestly and stronger crude growth off the US Gulf Coast and in Alaska, according to Wright.

US crude production increased 3% last year, setting a new annual record of 13.6 million ⁠bpd. The country has become the world's largest exporter of oil and ‌fuel, sending out 10.5 million bpd.

STRAIT OF HORMUZ FLOWS

Earlier in ‌the day, Wright said 7 million bpd of oil were getting out of the Gulf with ‌US military help. Flows through the Strait of Hormuz have been largely choked off since the US-Israeli ‌war on Iran began in late February.

Asked about those comments, Wright said Iran is not currently exporting any oil or products and that the US is stepping up to fill the oil export void amid the Middle East conflict.

The International Energy Agency had estimated that Gulf supply was down by 14 million bpd, around ‌14% of world supply. But the figure could be closer to 5 million to 6 million bpd as producers find ways to keep cargoes ⁠moving.

Some 136 million barrels ⁠of non-Iranian crude moved through the Strait of Hormuz and the Gulf of Oman between early April and June 10, or about 1.9 million bpd, shipping data firm Kpler estimates.

"We have had days where we've exported well above the number I gave," Wright said when asked about the 7 million bpd passing through. "If you look at our trend right now, we'll be past replacing more than half of the lost oil."

Flows passing through Hormuz are coming from all oil exporters in the Arabian Gulf except Iran, Wright said.

Asked about gasoline prices in the US, which have climbed since the start of the Middle East conflict, Wright said President Donald Trump has been a champion of low energy prices.

"He has not changed that desire for low energy prices across the board, but he was simply unwilling to kick a 47-year conflict and a nuclear-armed Iran down to the next administration," Wright said, adding that allowing Iran to obtain nuclear weapons would lead to "massively higher" energy prices in future.


Saudi Industry Minister Discusses Mining Investment Opportunities with Kazakh Companies

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held a series of bilateral meetings in Astana on Friday with leaders of several Kazakh mining and metals companies. (SPA)
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held a series of bilateral meetings in Astana on Friday with leaders of several Kazakh mining and metals companies. (SPA)
TT

Saudi Industry Minister Discusses Mining Investment Opportunities with Kazakh Companies

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held a series of bilateral meetings in Astana on Friday with leaders of several Kazakh mining and metals companies. (SPA)
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held a series of bilateral meetings in Astana on Friday with leaders of several Kazakh mining and metals companies. (SPA)

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held a series of bilateral meetings in Astana on Friday with leaders of several Kazakh mining and metals companies, in the presence of Vice Minister for Mining Affairs Eng. Khalid Almudaifer, the Saudi Press Agency reported.

Discussions focused on opportunities for cooperation in the mining sector, particularly in strategic minerals and rare earth elements. The talks also covered mineral exploration, geological surveying, and sustainable mining.

Participants included representatives of Tau-Ken Samruk National Mining Company, KAZ Minerals, and Kazatomprom.

The meetings are part of the Kingdom’s efforts to strengthen international partnerships and attract high-quality investments in the mining and minerals sector, in line with the goals of Saudi Vision 2030.