In an official announcement posted on its Facebook page, the Syrian Ministry of Oil and Mineral Resources announced the launch of three significant international tenders for the import of basic petroleum products to enhance strategic stock.

According to official records, the Syrian Petroleum Company (SPC) has issued three international tenders for the importation of 1.15 million metric tonnes (8.4 million barrels) of diesel, 95-octane petrol, and fuel oil. Deliveries are anticipated to commence in April and continue until August 2026 at the port of Banias. This initiative will sustain power plant operations and meet the rising domestic demand for oil derivatives.

Meanwhile, the statement follows as previously scheduled supplies continue to arrive. The third shipment of 2026 arrived recently in Syria as part of a regular supply plan that includes crude oil, domestic petrol and refined petroleum products for local consumption.

Tender Specifics and Estimates

The largest tender is for diesel, which covers 500,000 metric tonnes, or around 3.65 million barrels. Five shipments make up the tonnage, each weighing 100,000 tonnes. From April to August 2026, one shipment per month will likely reach the Banias oil terminal.

Moreover, to serve the transportation industry, 300,000 metric tonnes of 95-octane gasoline—roughly 2.19 million barrels—the second tender handles them. These amounts will likewise be delivered in five shipments, each weighing 60,000 tonnes, between April and August of 2026.

Fuel oil, a crucial component in the production of power, is the subject of the third tender. It allows for the import of about 2.55 million barrels, or 350,000 metric tonnes. Besides, delivery will occur in three stages: two shipments of 150,000 tonnes each in June and July, after 50,000 tonnes in May. Further, the strategy aims to stabilise the electricity grid and satisfy summertime demand peaks.

Terms of Payment and Pricing Structure

The Ministry of Oil implemented a pricing procedure for these tenders based on clear criteria closely linked to Platts’ worldwide benchmark publications, enabling reliable monitoring of international market movements. The arithmetic average of five successive price bulletins calculated within the period surrounding the bill of lading date determines the final value of the amounts arriving at the Banias tanks in US dollars, ensuring fair and balanced pricing that reflects actual market movement.

Furthermore, the business implemented a staggered payment plan for each shipment, paying 30% upon delivery, 30% after 15 days, and 40% after 30 days, in order to draw in significant foreign suppliers. For diesel, petrol and fuel oil, the necessary bank guarantees have limits of $750,000, $500,000 and $300,000, respectively.

Deadlines for Submitting Bids

The business urged interested companies to submit their proposals to the Oil Marketing Office in Damascus by the deadline. March 9, 2026, is the deadline for the petrol tender; diesel will follow on March 10, 2026, and fuel oil on March 16.