The delivery followed a period of extreme congestion at the ports of Baniyas and Tartus, which had the highest concentration of tankers in years. The Syrian Petroleum Company reported that 15 vessels recently waited to discharge their cargo, consisting of nine gasoline tankers and six diesel tankers. Shipping data from Kpler confirms that this volume of traffic near Baniyas is a rare occurrence for the region.
Tuesday, October 20, 2026
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J.P. Morgan Facilitates First Saudi Oil Product Deal for Syria
Commodities5 hours ago
A new trade agreement for petroleum shipments between Riyadh and Damascus was processed by J.P. Morgan to enable the flow of Saudi energy products into Syria. The arrangement between Aramco Trading and the Syrian Petroleum Company began with the delivery of approximately 63,000 tons of diesel to the port of Baniyas aboard the tanker Starling. This cargo represents the initial execution of the supply contract to provide fuel to the Syrian market.
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