The Biden administration decides to withdraw the exemption of an American oil company operating in w

[size=52]The Biden administration decides to withdraw the exemption of an American oil company operating in western Kurdistan from the sanctions of 'Caesar'[/size]

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[size=45]The administration of US President Joe Biden decided not to extend the exemption from sanctions that the Trump administration granted in April 2020 to a US oil company to operate in northeastern Syria.[/size]
[size=45]Delta Crescent Energy, whose exemption expired on April 30, has obtained a 30-day grace period to terminate its activities in northeastern Syria, where the Autonomous Administration is supervised by the Democratic Union Party (PYD).[/size]
[size=45]The US administration officials considered the decision to withdraw the exemption for the company that produces and sells oil in Syria, which is still subject to heavy penalties under the Caesar Act, as a policy correction, not a shift. Therefore, “it is unlikely that any other companies will be granted exemptions as well,”  [You must be registered and logged in to see this link.]  citing informed sources that it did not name, in a report translated (Basnews).[/size]
[size=45]The company has launched an aggressive lobbying campaign to renew the exemption, but sources familiar with the effort say it is unlikely to succeed. According to the information received, former US envoy to Syria James Jeffrey participated in these efforts.[/size]
[size=45]President Donald Trump said in October and November 2019 that US forces would remain in northeast Syria "only for oil" and that they might "have to fight for oil", which sparked angry reactions from Damascus and Ankara.[/size]
[size=45]This came in the wake of Trump's previous decision to withdraw American forces from Syria and to give the green light for a Turkish attack on northern Syria in October 2019. Following pressure in Congress, he changed the course of the withdrawal, indicating that the reason is oil.[/size]
[size=45]"Al-Monitor" quoted Sinem Muhammad, the representative of the Syrian Democratic Council in Washington, as saying, "The Autonomous Administration supports the extension ... Our economic situation is very difficult." We are under an economic blockade with international sanctions and closed borders. The situation was more difficult this year due to the lack of rain. Wheat and other basic crops have been affected, and we have 5 million people living in our area .. This company can work with us to develop our region, ”but confirmed that the Autonomous Administration has“ excellent relations with the Biden administration. ”[/size]
[size=45]Delta Crescent Energy said it would reinvest its revenues in Syrian Kurdistan. The company confirms that it concluded two separate deals for the sale and transportation of oil with the Autonomous Administration. Informed sources said that the first deal was with an unnamed American company earlier this year to sell 5 million tons of oil, which is supposed to generate 1.1 billion dollars, and the second with a value of 1.23 dollars this month with another unnamed company.[/size]
[size=45]One of the sources said, "To facilitate this," Delta Crescent Energy "company obtained transport and export licenses" in order to ensure that all commercial operations are carried out within the requirements for licensing the Office of Foreign Assets Control, "but the source could not clarify the party that granted the aforementioned licenses. It is clear that it was not the Syrian government.[/size]
[size=45]And last February, after Biden took office, Delta Crescent Energy had already obtained an export license from the Commerce Department to ship US-made production equipment to northeastern Syria.[/size]
[size=45]The sources said that the equipment includes solar-powered meters to monitor the flow of oil from fields in the Kurdish-controlled area. The sources added that the company opened an actual office in northeastern Syria in September 2020, employing about 10 to 15 people.[/size]
[size=45]Syrian Kurdish sources familiar with the activities of the "Delta Crescent Energy" company confirm that there is no evidence that the company has embarked on any kind of substantial activity in northeastern Syria so far. One of the sources said, "Their office is not even an office, in fact!"[/size]
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