Banias (208)


The Ministry of Economy has raised the price of gas oil, or mazout, for the second time in two months.


A shipment of Iranian fuel reached the Syrian port of Banias at the end of last week, according to local media reports.


Iraq has prepared backup plans to use an old pipeline running through Syria to export its crude should the Hormuz Strait be closed, an Iraqi Government spokesman said.


Updated February 15: Syria raised the prices of petroleum coke and kerosene sold in the local market as well as that of fertilisers.


Works on the expansion of LPG storage capacity in the coastal city of Banias have been completed and were commissioned by the Ministry of Petroleum on Saturday.


A bomb blast targeted this morning a 24” gas pipeline supplying the power plant of Banias, according to the Syrian news agency, SANA.


Containers traffic at the Port of Lattakia declined 10 percent last year compared to 2011 according to the Lattakia International Container Terminal Company.


Updated January 08, 2011: An explosion targeted last week a gas pipeline near the city of Homs leading to the interruption of supplies to two power plants and adding to Syria’s electric supplies problems.


Power cuts have markedly increased across Syria as demand surges on the back of the shortages in heating oil.


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.


Updated November 21: The consumption of heating oil in Syria jumped last month as the coming winter season is leading a growing number of Syrians to store the product, while attacks on the distribution network are also disrupting supplies.


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The supply of gas oil at government-sponsored prices is becoming increasingly scarce in various parts of the country, although Damascus remained little affected until now.


Traffic at the Lattakia Port declined 13 percent since the beginning of the unrest in Syria and 36 percent in the month of June alone according to statistics published by the company managing the containers terminal.


The net value of subsidized oil products reached SYP 116 billion, or USD 2.47 billion, in the first six months of 2011, according to Mahrukat, the state entity in charge of distributing energy products in Syria.


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.


Iraq and Syria are finalising a deal for the export of 10,000 barrels of Iraqi crude oil a day to Syria, according to news agencies.


Korea’s LS Industrial Systems has begun supplying ten substations across six locations in Syria on an EPC basis.


The Syrian Gas Company is seeking bids for the construction of a gas pipeline and a pressure reduction and metering station for the Banias Refinery.


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Syria refined 3.029 million tons of oil products in the first quarter of this year, an increase of 3.84 percent from planned levels, the Ministry of Petroleum said.


The European Union has announced an asset freeze and travel ban on a number of Syrian personalities, including Rami Makhlouf, one of the country’s most prominent businessmen.


Demand for electricity in Syria rose 6.1 percent in 2010 according to PEEGT, a government-owned power utility.


Syria’s oil subsidy bill, one of the main expense items for the government, reached SYP 49 billion in the first quarter of this year, or around USD 1 billion, according to government statistics.


Syria’s production of crude oil stood at 387,000 barrels of oil a day in the first quarter of this year, an increase of 4,000 bpd compared to the same period of 2010, according to the Ministry of Petroleum.


The French Ministry of Foreign Affairs has asked its citizens whose presence in Syria is not indispensable, to leave the country.


The Syrian Government has confirmed that the dates for the end-of-year exams at school and university levels remained unchanged.


The British Foreign Office updated twice last week its travel advice for Syria and asked its nationals with "no pressing need to remain" to leave the country.


Syria’s oil balance turned negative in 2008 when imports overtook exports for the first time in more than two decades, according to newly released statistics.


On Friday, violence in Syria reached shocking levels as more than 100 were killed in crackdowns against protestors who rallied after morning prayers in cities, towns and villages across the country.


There appears to be no end in sight for the current unrest gripping Syria as demonstrations expanded to Suweida and Aleppo last week, the last two cities that had remained untouched by the protest movement.


Container volume handled by the TICT, the company managing the Tartous terminal remained stable last year at 62,722 TEUs last year, according to data published by TICT’s mother company.


Over the weekend, President Bashar al-Assad addressed the nation for the second time since the beginning of the unrest in mid-March. His speech highlighted the most significant demands of the country's protest movement and came on the heels of another week of turbulence in cities and villages across the country.


Today, the UK's Foreign and Commonwealth Office updated its Travel Summary for Syria and recommended the delay of non-essential travel to Syria.


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Protests in Syria are approaching their fifth week and are showing no signs of slowing. The death toll from ongoing unrest continues to rise as the government states there is "no more room for leniency or tolerance" in response to recent turmoil in the country.


Updated March 28th: Since the inception of unrest in Syria on March 15 2011, tensions here have shown few signs of cooling and indeed have been continually stoked by rising fatalities.


Unrests in the Middle East region spread to Syria last week leading to the deaths of at least five civilians and to condemnations from the United Nations, the United States and France.

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The Syrian Gas Company has issued a tender to build a gas pipeline and a pressure reducing station to supply Banias Refinery with natural gas.


Syria’s oil subsidies bill amounted to more than SYP 106 billion, or USD 2.25 billion, last year, according to Mahrukat, the state entity in charge of the retail sale of oil products.


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.