Page 13 - MEOG Week 38 2022

MEOG NEWS IN BRIEF MEOG

POLICY than 100 US military tankers had carried al-Jaber said on Thursday there was little
thousands of litres of crude oil from the room to manoeuvre in oil markets that may
China calls on US to ‘end northeastern Syrian province of Hasakah to face further disruption with minimal spare
the semi-autonomous Kurdistan region in
capacity.
theft of Syria’s national northern Iraq. also warned that underinvestment in the
Speaking at an event in New York, Jaber
The US military has stationed forces and
resources’ equipment in northeastern Syria, with the current energy sector before alternative
Pentagon claiming that the deployment
sources of supply were ready was a recipe for
China has called on the United States to stop is aimed at preventing the oilfields in disaster, not progress.
plundering Syria’s national resources and the area from falling into the hands of “If people’s basic energy needs are not met,
respect the sovereignty and territorial integrity Daesh. Damascus, however, maintains the economic development slows down, and so
of the Arab country. deployment is meant to plunder the country’s does climate action,” Jaber said.
“We call on the United States to respect rich mineral resources. “If we under-invest in the energy system of
Syria’s sovereignty and territorial integrity, Former US President Donald Trump today before the energy system of tomorrow is
unilaterally lift sanctions, and end the theft admitted on more than one occasion that ready, we will only make matters worse.”
of Syria’s national resources,” China’s Foreign American forces were in the Arab country for Jaber put spare oil capacity at less than 2%
Ministry spokesman Wang Wenbin told a its oil. of global consumption.
news briefing. In infamous comments made in 2019, The Organization of the Petroleum
Wang said “this is not the first time that the Trump said, “We’re keeping [Syria’s] oil. We Exporting Countries and allies led by Russia,
United States military has stolen oil from Syria have the oil. The oil is secure. We left troops a group known as OPEC+, has been warning
and they seem to be becoming more and more behind only for the oil.” since August that the spare capacity cushion
uncontrollable.” Several countries, including Russia and was thin.
The Chinese spokesman also said the US China, have condemned US actions in Saudi Arabia and the United Arab
government has a duty to investigate robberies plundering the Syrian resources and have Emirates are believed to hold the bulk of that
committed by intervening military forces, as called on Washington to stop its continued spare capacity within the alliance, and are the
well as to compensate for the damages caused. looting of the war-torn country’s natural only two members with the ability to increase
The Syrian Oil Ministry said recently resources. production in a meaningful way.
that the US and its proxy militant groups Syrians say the presence of the United On Thursday Jaber also warned of a
pillaged over 80 percent of Syria’s daily crude States is a form of terrorism. wide funding gap between investment in
production in the first half of 2022. According Local sources in the past have reported renewables and the portion of those funds
to the ministry’s data, the Syrian oil sector US troops moving elements of Daesh around dedicated to zero-carbon energies that can
has lost “about 105 billion dollars since the across the border between Syria and Iraq. transition heavy industry, manufacturing,
beginning of the conflict until the middle PRESS TV construction and agriculture.
of this year” as a result of the US oil theft “As global energy demand continues to
campaign. increase, we need to collectively and quickly
In August, a leading Chinese newspaper COMPANIES decarbonise the existing energy sources that
censured the continued plundering of the the world still relies on,” Jaber, who is also the
Syrian oil by the US occupation forces across ADNOC CEO says little UAE’s Special Envoy for Climate Change, said.
the Arab country, saying that the looting is a “We are a global energy player and fully
“disgrace and a shame to Washington.” wiggle room in oil markets committed to the energy transition,” he said.
China Daily made the assertion in an REUTERS
article published on August 13, following Abu Dhabi National Oil Co (ADNOC)
reports that a convoy consisting of more (ADNOC.UL) Chief Executive Sultan

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