Türkiye, Syria sign agreement to expand cooperation in mining and energy sectors
Türkiye and Syria have signed a Memorandum of Understanding (MoU) to strengthen cooperation in geology, mining, energy raw materials and geothermal energy, marking another step in expanding bilateral economic ties as Syria pursues reconstruction efforts.
Turkish Energy and Natural Resources Minister Alparslan Bayraktar announced that the agreement was signed between Türkiye's General Directorate of Mineral Research and Exploration (MTA), its international subsidiary MTA International Mining Inc. (MTAIC), and Syria's General Directorate of Geology and Mineral Resources during his visit to Syria.
Under the memorandum, the two countries will cooperate across the entire mining value chain, with a particular focus on phosphate deposits, metallic ores, and strategic and critical minerals. The partnership will cover geological exploration, licensing, mining operations and the production of value-added mineral products.
Focus on phosphate value chain
The agreement also provides for joint geological surveys, technical data sharing and initiatives to strengthen institutional capacity in the mining and energy sectors.
As part of the first phase, the sides aim to expand phosphate rock production and establish long-term trade mechanisms. A later phase envisions the development of integrated industrial facilities for the production of phosphoric acid and phosphate fertilizers, creating a broader value chain for the resource.
Bayraktar said the cooperation is intended to transform underground natural resources into higher value-added products, contributing to the economic development of both countries while supporting Syria's reconstruction process.
Turkish officials said the partnership will be implemented on the basis of mutual trust and mutual benefit, with the objective of promoting sustainable economic cooperation and regional development.(ILKHA)
LEGAL WARNING: All rights of the published news, photos and videos are reserved by İlke Haber Ajansı Basın Yayın San. Trade A.Ş. Under no circumstances can all or part of the news, photos and videos be used without a written contract or subscription.
Iran and Afghanistan are seeking to expand economic cooperation beyond the export of goods, with contracts worth more than $400 million signed or agreed at the 5th Abu Hanifa International Expo in Kabul, the head of the Iran-Afghanistan Joint Chamber of Commerce said.
Türkiye's industrial production fell 1.9 per cent in August from a year earlier, while output declined 1.0 per cent compared with the previous month, according to data released by the Turkish Statistical Institute (TurkStat).
Iranian President Masoud Pezeshkian has reaffirmed Tehran’s determination to withstand mounting economic pressure and sanctions, saying the same national unity and resolve that helped the country endure recent US-Israeli military aggression will enable Iran to overcome the economic campaign against it.
Türkiye's Gross National Income (GNI) rose 41.4% in 2025 to 62.29 trillion Turkish liras, driven primarily by non-financial corporations, official data showed on Thursday.