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Pompeo-Backed Oil Company Loses Syria Contract

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Pompeo-Backed Oil Company Loses Syria Contract

Biden administration said to cancel license for firm co-founded by decorated Delta Force officer, Trump donor and oil exec

Jonathan Broder
May 27, 2021
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Pompeo-Backed Oil Company Loses Syria Contract

www.spytalk.co

For more than a year, a little-known American oil company, whose founders include a decorated former high-ranking Delta Force officer, has been pumping, refining and exporting oil from Syria’s Deir al-Zour oil fields in the country’s Kurdish-controlled northeast under a special license granted by the Trump administration that exempted it from sanctions.

Delta Crescent photo

On Wednesday, the Biden administration decided it would not renew the waiver that allowed Delta Crescent Energy, a firm with connections high up in the Trump administration, to exploit the oil resources of the U.S.-protected Kurdish region, according to the Associated Press, citing a U.S. official “familiar with the decision.”

Since the company began its operations to modernize oil production at Deir al-Zour in April 2020, the oil, exported quietly through neighboring northern Iraq and Turkey, has brought in billions of dollars, providing the main source of revenue for the self-declared autonomous region and its five…

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