Oil, Gas & Mining

A new gas well near the town of Qara, north of Damascus, started production this month, according to the Ministry of Petroleum and Mineral Resources.
The Ministry of Petroleum is negotiating over several oil and gas exploration contracts with countries allied to the regime, an executive from a state-owned company said.
Production has restarted at a relatively important oil field with an American military base in the Deir-ez-Zor area.
A Russian company will invest dozens of millions of dollars in a phosphate washing plant, representing the largest private investment in Syria since 2011, despite the controversy surrounding the deal.
Moscow has confirmed that several Russian companies had begun operating in Syria’s energy sector.
Syria has confirmed that it has granted Iran the right to develop its phosphate reserves.
The government inaugurated last week a gathering station near Qara that adds new production to Syria’s gas sector.
A delegation from an oil-rich Russian autonomous region has signed a framework agreement with the Homs governorate.
A British petroleum company has confirmed that oil continues to be extracted from its fields in northern Syria despite western sanctions.
Additional details have surfaced on the agreement signed last year between the Syrian government and Russia’s Stroytransgaz to develop phosphate mines near Palmyra.
Two new wells started production north of Damascus last week adding capacity to Syria’s gas production.
Syria has established a EUR 80 million joint venture with unidentified private sector investors to develop asphalt deposits near Deir-ez-Zor.
A Lebanese media close to the Syrian regime has provided an estimate for the oil production in the Kurdish-controlled part of the country.
Syria’s oil and gas production increased noticeably this year, but output still remains very low and is unlikely to increase by much in the near future.
The Minister of Petroleum has set production targets for both oil and gas for next year and 2019.


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