Oil, Gas & Mining

Syria’s consumption of oil products stabilized in past months as regular imports from Iran continued, according to a government official.
On August 18, regime affiliated forces took control of a large gas processing plant west of Raqqa, enabling a further increase in gas supplies.
Syria’s oil and gas production continues to increase incrementally as a potential deal with the PYD may add significant more volumes to the government’s control.
The Syrian Government continues to import substantial volumes of crude oil thanks to Iran’s financial support, an official has said.
Syria’s gas production continues to increase as a new well began production this week, while a field recently recovered from the Islamic State restarted operations.
The Syrian Government has awarded a Russian oligarch the rights to collect a share of its oil and gas revenues in exchange for contributing to free territory from the Islamic State.
A new gas well started production last week east of Homs, enabling the government to add supply to the network and ease electricity rationing.
The advance of Syrian regime troops towards Raqqa is helping them control an increasing number of small oil and gas fields.
The revenues of the Islamic State from crude oil have decreased by two thirds since 2015, a Russian official has said.
The Syrian government has awarded a Russian company a contract to extract phosphate from its mines in central Syria, a government official has said.
A British oil company that has rights over oil fields located in northeast Syria has said that production at these fields has increased significantly since the beginning of the year although it receives no revenues from them.
The Syrian Minister of Petroleum has provided several new numbers on Syria’s oil and gas sector.
Iran is resuming oil supplies to Syria after a hiatus of several months, a government official has said.
A Russian company that was granted the right to explore Syria’s waters for oil and gas is reportedly returning to Syria after a two-year suspension of its activities.
The Ministry of Petroleum and Mineral Resources has released production data for the first quarter of this year, although some of the numbers do not seem realistic.


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