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Bid Round for Onshore Blocks Extended to December 8
The Ministry of Petroleum and the General Petroleum Corporation have extended the deadline for a bid round for eight onshore blocks.
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Oil Subsidies Cost USD 1 billion in H1, 2010
Mahrukat, the state-owned company in charge of the distribution of oil products, posted a trade loss of SYP 47.7 billion in the first half of 2010, due to the difference between subsidized retail prices and procurement costs.
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Syria’s Crude Production Increases to 386,000 bpd
Syria's average production of crude oil increased by around 3 percent in the first half of this year as new joint venture companies begun production.
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Gulfsands Syria Production Reaches 20,000 bpd
Gulfsands Petroleum has announced that the gross oil production in its Syrian fields has increased to approximately 20,000 barrels of oil per day during the month of July.
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IPRMEL Spuds New Well in Block 24
IPRGOC has announced that its Syrian subsidiary, IPRMEL, had spud the South Abu Khashab-1 well on June 7.
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CNPC to Begin Works on Syria Refinery in 2011
China National Petroleum Corporation will begin construction of a USD 2 billion refinery in Syria in the second quarter of next year, according to press reports.
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Works on Gas Pipeline to Turkish Border to be Completed by Year-end
Works on the 62km stretch of the Arab Gas Pipeline (AGP) between Aleppo and the Turkish border should be completed before the end of the year, according to Syria’s Deputy Minister of Petroleum.
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Canadian Firm to Treat Sludge Oil at Homs Refinery
SLC Petroleum Inc. of Canada has been awarded a contract to treat 500,000 cubic meters of oil sludge at Homs Refinery.
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Oil Shale Reserves at 37 Billion Tons
The reserves of oil shale found last year in Khanasser southeast of Syria could reach 37 billion tons, according to Sufian Al-Allao, Syria’s Minister of Oil and Mineral Resources.
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Oil Companies to Invest Some USD 2 Billion in Syria’s Upstream Sector in Next Five Years
Syria's production of crude oil will decline by around 7 percent in the next five years, according to estimates from the Ministry of Petroleum.
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