https://www.syriahr.com/en/177688/

US oil company signs deal with Syrian Kurds

Sources told Al-Monitor the agreement to market oil in territory controlled by the US-backed Syrian Democratic Forces was signed “with the knowledge and encouragement of the White House.”

This picture taken on July 19, 2020 shows a general view of a makeshift refinery using burners to distill crude oil in the village of Bishiriya in the countryside near the town of Qahtaniya west of Rumaylan (Rmeilan) in Syria’s Kurdish-controlled northeastern Hasakeh province. Photo by DELIL SOULEIMAN/AFP via Getty Images.

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.