Biden administration poised to ax US oil company’s waiver for Kurdish-led northeast Syria
The decision to withdraw the waiver to produce and sell oil in Syria has been presented by administration officials as a policy correction, not a shift.
The Biden administration has decided to not extend a sanctions waiver granted by the Trump administration in April 2020 to a little-known American oil company to operate in northeast Syria, according to well-informed sources who spoke to Al-Monitor on condition they not be cited by name.
Delta Crescent Energy, whose waiver expired April 30, has been given a 30-day grace period to wind down its activities in northeast Syria. The US-protected area is governed by the Kurdish-run autonomous administration of northeast Syria, which is not recognized by Damascus. A Delta Crescent Energy spokesperson insisted in emailed comments to Al-Monitor, "The Office for Foreign Assets Control extended our license. No wind down period."
