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There are currently just under two dozen international companies operating in the Syrian oil industry from the exploration and production sectors to related services. The companies are listed below.


There are currently just under two dozen international companies operating in the Syrian oil industry from the exploration and production sectors to related services. The companies are listed below.


A new round of sanctions announced last week on Syrian corporations and individuals, as well as hints that western countries may move against Syria’s oil industry, raise questions as to the impact these measures may have on the economy and the manner in which the regime is handling the country's popular revolt.


Over the course of the last eight days, the international community has grown markedly united in its condemnation of the Syrian government's use of force to quell the country's deepening revolutionary movement.


Gulfsands Petroleum has announced that a new well in its Khurbet east find tested at a flow rate of 5,516 barrels of oil per day as the company commissioned a new production facility.


The first week of Ramadan proved to be a violent one, as over the course of the last seven days, more than 250 civilians were reportedly killed in military crackdowns across the country.


Syria’s production of crude oil remained stable in the first half of this year at 387,250 barrels a day, an increase of 957 barrels a day compared with the same period of last year, according to the Ministry of Petroleum.


The Public Establishment for Electricity Generation and Transmission is seeking a consultancy to oversee the design and execution of a steam power plant near Aleppo.


The inconclusive finish of the staging meetings of the government-led national dialogue, followed by attacks against the US and French embassies in Damascus on July 11, kicked off another tumultuous week in Syria.


The week of June 27 marked a sea change for the Syrian protest movement. At the start of the week, 190 opposition members met for the first time in public in Damascus. In response to the meeting, Syrian President Bashar al-Assad set July 10, 2011 as the start date for national dialogue.


On June 20, President Bashar al-Assad made an address to the nation that highlighted the severity of the country's economic crisis and blamed recent unrest on conspirators.


Extreme violence on Friday June 3 during after prayers protestors resulted in the deaths of at least 63. The worst of the unrest occurred in Hama, where over forty were reportedly killed.


Gulfsands Petroleum said it had failed to find oil in commercially viable quantities in the Abu Ghazal-1 well and that it was stopping works there.


An estimated 12 people died in unrest on Friday May 27, while harsh criticisms and strong calls for reform from neighboring Turkey have yet to hold sway with the Syrian government, and the international community continues in its struggle to come to a firm consensus on the most appropriate response to the turmoil in Syria.


The Syrian Investment Agency (SIA) said that it had licensed 96 investment applications across the country in the first quarter of this year, a year-on-year decrease of 8.5 percent.


A Dutch Christian organization, IKV Pax Christi, has called on Royal Dutch Shell to suspend its activities in Syria and organized a demonstration at the company’s annual meeting.


Conflicting narratives abound in Syria, as the government and those participating in the unrest across the country endeavor to shape how Syrians and the outside world interpret the country's tumult.


Gulfsands Petroleum said that it made a new discovery in Block 26 as output from existing fields stood at an average of 20,700 barrels of oil a day.


Al-Furat Petroleum Company, a joint-venture between the Syrian Government and Royal Dutch Shell, lifted 92,000 barrels of crude oil a day in the first quarter of this year.


For the first time in five weeks, President Bashar al-Assad offered no concessions the day before Friday's planned mass after-prayers protests.


Design, develop, manufacture, sale and maintain diesel engines


Syria’s newly-appointed Minister of Economy has said that his Government will work on reducing the price of gas oil and try to make of Syria a second Singapore.


The Ministry of Petroleum and Mineral Resources has appointed new board chairmen for three joint-ventures established between the state and independent oil companies.


Trading and contracting


The English transcript of the interview of Syrian President Bashar Al-Assad with the Wall Street Journal on January 31, 2011.


The number of tourists that entered Syria in 2010 stood at 8.5 million, a year-on-year increase of 40 percent, while tourist revenues rose 60 percent, confirming that the country’s tourism sector was finally getting closer to its potential.


Gulfsands Petroleum has announced that its latest drilling operations had yielded positive results with the Twaiba well potentially yielding up to 9 million barrels of reserves.


Demand for electricity rose 4.2 percent last year, according to Hisham Mashfej, head of PEEGT, the state-owned power utility.


Syrian exports declined by a third last year as Iraq continued to take an increasing share of the country’s total international sales, according to official trade statistics.


Cemena, a subsidiary of Gulf Finance House, has announced that it had awarded the contract to build and equip a cement plant in eastern Syria with an annual capacity of 2 million tons to CBMI of China.


The English transcript of statements made by Syrian President Bashar Al-Assad following talks with his Indian counterpart on November 27, 2010.

The level of remittances to Syria is estimated by the World Bank at USD 1.4 billion for 2010, a figure significantly higher than in previous estimates.

Al-Badia Cement (ABC) has announced that it would start production from its plant in Abou Shamat next month.

A new centre specialised in the wholesale trade of mobile phones and accessories is under construction in the area of Qaboun, a district of Damascus.
The number of tourists that entered Syria in the first nine months of 2010 stood at 6.6 million, a year-on-year increase of 46 percent, according to the Ministry of Tourism.
China National Petroleum Corporation has gained the approval of Chinese state authorities to buy 35 percent of Syria Shell Petroleum Development.

The National Bank of Egypt (NBE) has decided to open a representative office in Syria, instead of a fully-fledged subsidiary, because of the high capital required for local banks, according to Khaldoun Al-Muwakaa, the chairman of the Syrian-Egyptian Bu...


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.



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.


Syria was the 4th largest source of medicines and the 5th largest source of body care items intercepted in 2009 by the EU customs for infringement of intellectual property rights.

China National Petroleum Corporation (CNPC) has acquired a 35 percent stake in Syria Shell Petroleum Development (SSPD), until then a fully-owned subsidiary of Royal Dutch Shell.