Al-Furat Petroleum Company (88)

02-07-2019

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.

29-05-2019

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.

24-04-2019

The following factsheet provides technical details on, and lists the status of, Syria’s main gas treatment plants as of April 24, 2019.

28-08-2018

Production has restarted at a relatively important oil field with an American military base in the Deir-ez-Zor area.

30-01-2018

Chinese companies are increasingly enquiring about business opportunities in Syria, although no funding for reconstruction is expected to come from Beijing.

19-01-2016

During a visit of Syrian Foreign Minister Walid Al-Muallem to New Delhi last week, the Indian Government reportedly promised a resumption of works on two large projects in Syria.

16-11-2015

The U.S. is stepping up its airstrikes against Syrian oil fields and installations held by ISIS, potentially endangering critical assets for Syria’s future reconstruction.

26-10-2015

A strike by the U.S.-led coalition bombing the Islamic State has reportedly destroyed facilities at the Omar field, one of the largest in Syria.

25-11-2013

Forces affiliated to the Syrian opposition seized last week the Omar field, located near the eastern city of Deir-ez-Zor.

02-09-2013

Chinese companies operating in Syria have left the country after a call by Beijing on all its citizens to avoid travelling to Syria, the spokesman of the Chinese foreign ministry said last week.

25-02-2013

Syria’s crude production fell to 153,000 barrels per day in October 2012, according to a report on Syria’s oil sector.

03-12-2012

Syrian rebels have taken a number of oil fields in the region of Deir-ez-Zor in the last few weeks, risking a disruption of supplies in the large urban centres of the west of the country.

16-07-2012

The Minister of Petroleum, Said Huneidi, has appointed a new chairman for Al-Furat Petroleum Company.

25-06-2012

A new government was formed in Syria on June 23 with the appointment of twenty new ministers and the establishment of five new ministries, including one for national reconciliation.

25-03-2012

The European Union has added 12 persons, including the spouse of the Syrian President, and two companies to the list of people and institutions facing an asset freeze and a travel ban.

11-03-2012

The Syrian Government has reportedly decided to allocate a percentage of the revenues of oil companies to the development of the Governorates in which these companies are located, the first time this type of measure is adopted in Syria.

05-03-2012

The difficulty to find reinsurers and to receive a sovereign guarantee for the shipment of Syrian crude is halting plans by Indian companies to import oil from Syria, according to Reuters.

26-12-2011

Canada has announced a new round of sanctions on Syria, becoming the first western country to ban all imports, except food, from Damascus.

06-12-2011

Total of France has stopped oil production in Syria in compliance with recent EU sanctions as a growing number of international companies operating in the country are considering taking similar steps.

05-12-2011

The international community has continued to raise the heat on the Syrian Government through new economic sanctions with Turkey joining in and the EU announcing new significant measures.

04-12-2011

Royal Dutch Shell is pulling out of Syria after the European Union sanctioned Al-Furat Petroleum Company, the joint-venture firm through which the Dutch company is extracting oil in the country.

23-11-2011

Syria produced an average of 378,091 barrels of crude oil per day in the first nine months of the year, according to the Ministry of Oil, as international sanctions led to a reduction in output in the third quarter.

03-10-2011

INA Naftaplin, a Croatian oil company, has become the latest firm to announce a reduction in production in its Syrian fields as the government faces difficulties finding buyers for its crude.

29-08-2011

Great Wall Drilling Company, a subsidiary of CNPC, the Chinese oil giant, is suspending operations in Syria because of the political unrest, according to Chinese media.

22-08-2011

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.

22-08-2011

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.

03-08-2011

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.

11-05-2011

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.

20-04-2011
08-03-2011
31-01-2011

Syria’s production of crude oil stood at 386,112 barrels of oil a day in 2010, according to the Ministry of Oil, confirming that the country had momentarily stopped the decline in production.

09-01-2011

Al-Furat Petroleum Company, Syria’s largest joint-venture company in the oil sector, produced 99,000 barrels of oil a day last year, below its 2009 level but well above its projections.

01-11-2010

Syria's average production of crude oil stood at 387,357 barrels per day (bpd) in the first nine months of 2009, according to the Ministry of Petroleum.

13-09-2010
China National Petroleum Corporation has gained the approval of Chinese state authorities to buy 35 percent of Syria Shell Petroleum Development.
02-08-2010

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.

 

26-07-2010

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.

24-05-2010
Syria's production of crude oil will decline by around 7 percent in the next five years, according to estimates from the Ministry of Petroleum.
10-05-2010
DPS, a British engineering firm specialised in the upstream oil and gas sector, has won a contract to relocate and re-assemble a gas gathering station in the region of Palmyra.
03-05-2010
Syria's average production of crude oil reached 382,269 barrels per day (bpd) in the first quarter of 2010, according to the Ministry of Petroleum.
01-02-2010
Syria's average production of crude oil stood at 376,920 barrels per day (bpd) in 2009, according to the Ministry of Petroleum.
16-11-2009

Tatneft, a Russian oil company, is planning to start production of some 5,000 barrels of oil per day from its fields located in eastern Syria.

 

02-11-2009
Syria's average production of crude oil stood at 375,936 barrels per day (bpd) in the first nine months of 2009, according to the Ministry of Petroleum.
31-08-2009

After showing interest in Emerald Energy, which holds a 50 percent stake in one of Syria’s fastest growing oil fields, Sinochem, a state-owned Chinese company is now looking to buy Gulfsands Petroleum, according to British press reports.