Oil, Gas & Mining

The Ministry of Domestic Trade and Consumer Protection increased the price of petrol (gasoline) on February 29, the second time in a year.
Syria’s oil and gas infrastructure has been attacked twice this week after several similar incidents in recent months which may indicate that the country’s energy infrastructure is being systematically targeted.
Two little-known Russian companies that recently signed contracts to explore Syria’s oil fields are affiliated with a powerful Russian oligarch close to Russian President Vladimir Putin, according to a Russian outlet.
Syrian President Bashar al-Assad has reportedly issued laws ratifying three contracts granting the Katerji brothers a strategic role in Syria’s oil distribution sector.
Al-Furat Petroleum Company, once Syria’s largest oil company, has announced the rehabilitation of new wells west of the Euphrates River.
The Syrian parliament ratified on December 16 three oil contracts signed between the government and two Russian oil companies.
Two gas wells located in Sharifa, east of Homs, have started production, adding one million cubic metres of gas per day—an increase which should help reduce power cuts this winter.
The Syrian President has sent parliament a draft law to ratify three contracts awarded to the Katerji brothers to build two oil refineries and develop the Banias oil terminal.
A Syrian state entity has announced that it will begin bartering phosphates for equipment and repair services as it finds itself incapable of paying foreign suppliers.
An explosion at the Banias Refinery last week killed a worker and could impact the distribution of oil products if the damage is extensive.
The Ministry of Petroleum has rejected demands that it supply more cooking gas to Syrian households at subsidised prices, citing shortages as winter approaches.
Syrian imports of Iranian crude oil doubled in the six months through the end of September, according to recent data, increasing inventories.
The decision by the U.S administration to keep hold of Syrian oil fields postpones any hope by the government to benefit from this resource in the short-term.
A trade fair on the oil sector held in Damascus this week saw little participation but was co-organised by an Iranian-linked body.
The minister of petroleum has provided a new update on the oil, gas and mining sectors.


Syrian Medicare 2011
Damascus International Fairground
6th Damascus Insurance Forum
Four Seasons Hotel