The Kurdish-led Autonomous Administration of Northeast Syria has signed an agreement with an American oil company, well-placed sources with close knowledge of the deal told Al-Monitor. One of the sources said the agreement to market oil in territory controlled by the US-backed entity and to develop and modernize existing fields was inked last week “with the knowledge and encouragement of the White House.” The sources named the company as Delta Crescent Energy LLC, a corporation organized under the laws of the state of Delaware. The sources gave no further details about the company but would only say they had been in talks for “a long time” and that it had received an OFAC license to operate in Syria.
Sinam Mohamad, the Syrian Democratic Council representative to the United States, confirmed via Whatsapp that Delta Crescent had signed an agreement with the autonomous administration but said she had no further details.
Oil is the autonomous administration’s principal source of income.
The sources briefing Al-Monitor confirmed that Lindsay Graham, the Republican senator from South Carolina who is close to President Donald Trump, had spoken to Mazloum Kobani, the commander in chief of the Syrian Democratic Forces (SDF) yesterday and that Kobani had informed Graham of the deal and asked him to relay details of it to the US president.
Graham confirmed that he had heard about the oil agreement from Kobane to CBS reporter Christina Ruffini, who then relayed this in a tweet.
Read more: al-monitor