Oil, Gas & Mining

The government has awarded two Russian companies three contracts for the exploration and production of oil and gas in various parts of the country, the first such deals for onshore blocks since 2011.
A new gas well in the Arak field located east of Palmyra started production on September 5, according to the Ministry of Petroleum and Mineral Resources.
Iranian exports to Syria in August were the largest for a very long time, more than doubling compared with July.
Syria’s production of oil and gas has been largely stable in the past months.
The government has increased significantly the price of gas canisters used by businesses, as shortages bite; the move will push the inflation rate higher.
An Iranian tanker has docked in Banias and delivered a new shipment of crude oil although overall Iranian oil supplies to Syria have decreased so far this month.
The award of a contract by the Ministry of Petroleum to a Lebanese company to refine petroleum residues has caused controversy in Damascus.
New details on the oil operations of the Kurdish-controlled Syrian Democratic Council have been revealed, potentially causing the SDC some embarrassment.
Almost a week after a super-tanker heading to Syria was seized in Gibraltar, another tanker full of Iranian crude oil is now expected to dock in Banias.
Al-Furat Petroleum Company said that by the end of the first quarter of this year it had lost some USD 14.55 billion from the Syrian conflict.
The market for oil products in Syria has remained stable in the past weeks despite an attack on submarine pipelines linked to the Banias Port.
The Ministry of Petroleum and Mineral Resources is seeking to maximise the procurement of oil from the eastern region as it continues to look for alternative sources to meet shortages.
The General Establishment of Geology and Mineral Resources (GEGMR) has asked the Ministry of Economy and Foreign Trade to stop imports of salt following an increase in domestic production.
Oil shortages in Syria have eased somewhat as the government receives a shipment from Iran and seeks alternative solutions.
The Ministry of Petroleum and Mineral Resources has tightened further the allocation of oil products sold to private car owners as part of its efforts to face the massive shortage in oil products.


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