Saudi Arabia is bringing a new digital dimension to its energy cooperation with Syria, as technology company CASHIN collaborates with the Syrian Ministry of Energy to develop a national platform for petroleum derivatives.
Signed in Damascus under the supervision of Saudi Arabia’s Ministry of Energy, the strategic partnership will offer a unified digital system linking operational and financial processes across Syria’s petroleum derivatives supply chain.
Connecting Syria’s Petroleum Ecosystem
From the first stages of production to the final financial settlement, the platform will bring Syria’s petroleum derivatives ecosystem into one connected digital framework.
In this sense, it will integrate production, transportation, storage, distribution and fuel stations, with CASHIN developing and operating the system in collaboration with the Syrian Ministry of Energy.
More boldly, the initiative reinforces Saudi Arabia’s broader push to expand its technology presence across regional markets.
By combining digital expertise with AI and automation, the partnership is poised to support knowledge transfer while introducing new technology capabilities into Syria’s energy landscape.
How Can Data Transform Syria’s Petroleum Sector?
According to the Saudi Press Agency, the signing ceremony took place under the patronage of Syrian Energy Minister Mohammed Al-Bashir, with a Saudi Ministry of Energy delegation in attendance.
The Saudi delegation included Fuad Mosa, adviser to the minister and general supervisor of the International Projects Office, and Mohammed Al-Hamidi, general manager of the ministry’s Oil and Gas Sector.
Following a “field-to-bank” model, the platform will connect the physical movement of petroleum derivatives with their financial flows and consolidating data across the entire value chain.
This integrated approach, therefore, seeks to streamline operations, accelerate planning and decision-making, and fostering transparency and oversight across the sector.
Saudi Arabia Deepens Its Energy Role in Syria
The latest milestone builds on a growing series of Saudi-Syrian energy partnerships, as Damascus plans to rebuild and expand its energy infrastructure.
The cooperation gained fresh momentum in August, when the two sides signed three power purchase agreements in Damascus for solar projects.
Together, the projects will deliver 760 megawatts of generation capacity and incorporate battery energy storage systems totaling 1,077 megawatt-hours.
More tellingly, Saudi Arabia’s Ministry of Energy oversaw the agreements, while Saudi Electricity Project Development Co. and Siemens Energy contributed technical expertise to the projects.
The partnership also forms part of a wider energy framework launched in July 2025, when Saudi Arabia and Syria signed a memorandum of understanding spanning oil and gas, petrochemicals, electricity, electrical interconnection and renewable energy.
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