US Imperiaism

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. Oil is a politically radioactive topic, with the central government in Damascus accusing the United States of stealing its oil after Trump declared last year in the wake of Turkey’s October incursion against the SDF that he was keeping some 500 US Special Forces in the Kurdish governed space “for the oil.” Despite steadily tightening sanctions on the regime of President Bashar al-Assad, the United States has turned a blind eye to ongoing oil trade between the Kurds and Damascus. A fair amount of the oil is also sold at cut-rate prices to the Kurdistan region of Iraq.