Banias (208)

The European Investment Bank is providing Syria with EUR 185 million in concessionary loans to fund projects in the health and water sectors.
Syria and Iraq have agreed to build three pipelines that will carry Iraqi crude and gas to the Mediterranean.

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.


Olive oil squeezing and selling

TurboCare SpA will put into operation the first of the two gas turbines it is installing in the Banias Power Plant within the next sixty days, according to the company.

Demand for electricity in Syria increased by 5.9 percent in 2009, according to the Public Establishment for Electricity Generation and Transmission.


Syria’s Ministry of Electricity has awarded two new EPC projects that will add 1,050 MW in power capacity.


TERNA Group of Greece will compete with Cham Holding for the country's first Independent Power Plant project in Nassirieh, according to Qussay Kayyali, Minister of Electricity.

Syria has been facing severe power cuts since mid-July as output is failing to cope with growing demand, raising an outcry from the public.

Gross electricity generation in Syria rose by 6 percent last year, according to the Public Establishment for Electricity Generation and Transmission.


The Prime Minister, Naji Al-Otri, has appointed Noureddine Makhlouf as head of the General Organization for the Refining and Distribution of Petroleum Products.


The Prime Minister, Naji Al-Otri, has appointed the General Managers of the two newly-established state-owned oil organisations.


The Syrian government is raising the price of fuel oil by 50 percent starting December 1st.

China Dalian International Economic and Technical Cooperation Group Co Ltd. has won a contract to build four gas storage tanks in the coastal city of Banias.
Syria Shell Petroleum Development B.V. has signed a ten-year extension to its three production sharing agreements with the Syrian Petroleum Company.
Syria’s two largest ports, Lattakia and Tartous, handled a total of 20 million tons in 2007, stable from a year earlier, as well as 563,000 TEUs, an annual increase of 10 percent.
The Ministry of Tourism has awarded contracts to develop and operate seven sites it had offered during the 3rd Tourism Investment Market Forum held late April 2007.

Mahrukat, the state-owned company in charge of distributing oil products, posted a net deficit of SYP 104 billion in the first quarter of this year, a dramatic 3-digit percentage surge from a year earlier.


CNPC and the Syrian Government have signed a memorandum of understanding for the construction of an oil refinery with a daily capacity of 100,000 barrels of oil.


The Ministry of Petroleum and Mineral Resources has published data on the 2007 performance of the country’s major state-owned oil firms including SPC, the two refineries of Banias and Homs, and Mahrukat.


Mahrukat, the state-owned company in charge of distributing oil by-products expects the total market of these products to reach 12.38 million cubic metres in 2008.


Syria’s production of crude oil reached 380,000 barrels a day on average in 2007, according to Sufian Al-Allao, Minister of Oil.


The Syrian government has signed an agreement with Iran, Venezuela and a Malaysian consortium to build a 140,000-barrel per day refinery in central Syria.


Azarab Energy Industries Development of Iran has put the second 165 MW unit of Banias Power Plant into operation.


Syria continues to suffer from power shortages around a month after the electricity crisis began.


The Ministry of Oil has invited international oil companies to bid for the exploration of four offshore blocks. This is the first time Syria offers offshore areas for exploration


Azarab Energy Industries Development of Iran has put into operation the first of the two units at Banias power plant, nearly a year after the company had announced the completion of works


Stroytransgaz is finalizing discussions with the Syrian Government to build a gas processing plant in the central area, according to sources close to the company.


Syria is moving closer to build its first privately-held oil refinery, according to Abdallah Dardari, Deputy Prime Minister.

The local demand on diesel is expected to reach 7.7 million tons in 2007, according to the estimates of Mahrukat, the state-owned firm in charge of distributing oil by-products.

The Investment Bureau has awarded a license to Azarab Energy of Iran to build a 440 megawatts natural gas-run power plant in Hassakeh, in the northeast of Syria


Nour Financial Investment Company (Nour), a Kuwait-based investment firm, will start building a new oil refinery in Syria before the end of 2007


Shell’s new investment in Syria is part of a long-term strategy says Campbell Keir, General Manager of Shell Syria, following the signing of two production sharing contracts with the Ministry of Oil

The Government has decided to restructure the Oil and Gas sector by creating two bodies that will oversees separately the upstream and downstream sectors.

The Public Establishment of Electricity Generation and Transmission has signed a letter of intent with an Iranian company, Azarab Energy Industries Development, for the building of a 450-MW combined cycle power plant in Syria on a Build-O...


A German company is expected to be the first private sector operator in the Syrian electricity field after four decades of state monopoly.

The unlikely pairings forged between the foreign opposition to the Syrian state continued into May with a meeting on April 30 between Lebanese Druze leader Waleed Jumblatt and a delegation from the Syrian Muslim Brotherhood, Syria's largest Islamic opposition group, at the Lebanese politician’s mountain palace in Lebanon.
Exiled former Syrian Vice-President Abdel-Halim Khaddam and Ali Bayanouni, leader of the outlawed Muslim Brotherhood, announced the creation of a united front on March 17 aimed at forming a transitional government to bring about "regime change" from President Bashar al-Assad to democracy.


The Joud Group one, of the largest conglomerates in Syria, is to launch its own water-bottling plant.


Syria and Iran moved to strengthen economic ties by signing a host of cooperation agreements in the fields of economy, trade, oil, agriculture and others during a bilateral meeting held in Damascus late February.


The demand for diesel oil is expected to reach 8.58 million tons in 2006, according to Abdallah Khatab, director-general of Mahrukat, the state-owned company in charge of the distribution of oil products.


Syria is planning to double its oil refining capacity in the coming five years and switch its exports towards refined products, according to Ibrahim Haddad, Minister of Oil and Mineral Resources.

The volume of goods that are handled by Syria’s two main container ports continued to increase at a significant pace.

Profits of the Real Estate Bank (REB) doubled in 2005 according to Mulham Dibo, its director-general.

A subsidiary of giant Russian company Gazprom won a tender to build the third part of the Arab Gas Pipeline that will ship gas from Egypt across Jordan to Syria and Turkey.
Syria’s Ministry of Oil is preparing to release tender documents for the development of the Banias refinery following submission of a feasibility study by France’s Beicip Franlab,...
Gas production is taking an increasing role in Syria's energy policy. More gas reserves are found while the development of the Syrian part of the Arab Gas Pipeline has been Okayed.
The Heads of Government of Syria, Lebanon, Jordan and Egypt signed in Amman on 25 January an agreement to build the second phase of the Arab Gas pipeline that will ultimately link their four countries.
The oil refinery of Banias, the country's second largest, is undergoing major maintenance works.
One of the most significant direct consequences of the landmark Law N°10, passed in 1991 to provide a more friendly environment to private sector investment, was the complete overhaul of the national transport sector.