General Petroleum Corporation (89)

31-03-2021

Prominent UK-based Syrian investor Ayman Asfari has sold his share in Gulfsands Petroleum to an investment firm owned by a Russian businessman, which now holds a controlling stake in the company.

31-03-2021

Syria's President Bashar Al-Assad has ratified a USD 13-million production sharing agreement (PSA) contract with Russian company Kapital LLC, further consolidating the dominance of Russian firms in the country’s oil and gas sector.

10-02-2021

Updated on March 26,2021: Syrian President Bashar Al-Assad ratified a USD 22-million production-sharing agreement (PSA) contract with Russian company Stroytransgaz Engineering (STG-Engineering) in December, according to documents reviewed by The Syria Report.

06-01-2021

The list below includes all the Syrian individuals, entities, aircrafts and vessels that have been put under sanctions by the U.S. Administration since 2005.

19-02-2020

The list below includes the names of all the Syrian entities that have been blacklisted by the European Union since the beginning of the uprising in March 2011.

10-02-2020

A full breakdown of Syria's 2020 budget with current and investment expenses detailed for each item in the budget.

18-12-2019

The Syrian parliament ratified on December 16 three oil contracts signed between the government and two Russian oil companies.

11-09-2019

The government has awarded two Russian companies three contracts for the exploration and production of oil and gas in various parts of the country, the first such deals for onshore blocks since 2011.

20-03-2019

A full breakdown of Syria's 2019 budget with current and investment expenses detailed for each item in the budget.

02-10-2018

In an update on its operations, the Syrian Petroleum Company says that various oil fields restarted production this year across the country.

18-09-2018

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.

12-07-2018

In this 2,600-word factsheet we look at China’s economic interests in Syria.

10-05-2018

A full breakdown of Syria's 2018 budget with current and investment expenses detailed for each item in the budget.

10-04-2018

A British petroleum company has confirmed that oil continues to be extracted from its fields in northern Syria despite western sanctions.

24-10-2017

On Sunday 22 October, the U.S.-backed Syrian Democratic Forces captured the large Omar Field east of Deir-ez-Zor, effectively leaving the Syrian regime without direct control on any of the country’s largest oil fields.

30-05-2017

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.

23-05-2017

A full breakdown of Syria's 2017 budget with current and investment expenses detailed for each item in the budget.

09-05-2017

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.

02-05-2017

On April 26, regime forces took back the large Shaer gas field and are now in control of most of Syria’s main gas reserves even though production is not expected to restart before months.

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.

21-12-2015

Syria’s Minister of Oil has denied that the oil pipeline linking the Hassakeh oil fields to the Homs refinery was in use.

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.

02-09-2013

Gas plants operated by the government in central parts of Syria are working at almost full capacity according to the minister of petroleum.

10-04-2013

For the first time in years Gulfsands Petroleum derived no revenues from its Syria operations in 2012, the company's chairman said in a note to shareholders.

04-04-2013

The Minister of Oil has named new executives to chair two joint-ventures firms with international oil companies.

17-09-2012

Hungary’s MOL, which is a strategic shareholder of INA Naftaplin, a Croatian oil company with assets in Syria, said that operations in its Syrian fields were continuing, calling them illegal.

30-07-2012

Suncor Energy has announced that it had written off a significant part of its Syrian assets over the unrest in the country.

23-04-2012

The General Petroleum Corporation is among 47 international companies prequalified to participate in Iraq’s next bidding round to be held at the end of May.

10-04-2012

The General Petroleum Corporation has prequalified to participate in the next exploration qualification round in Iraq, the Iraqi Ministry of Oil said.

28-03-2012

Total’s production of oil and gas in Syria rose 35 percent last year on the back of rising gas output before international sanctions forced the French company to suspend all activities.

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.

01-03-2012

INA has formally stopped its operations in Syria, a decision that was awaited following last week’s announcement by the company that it was reviewing its options in the country after the imposition of sanctions by the Croatian Government.

31-01-2012

Updated February 6: Gulfsands Petroleum has said that drilling operations in the Khurbet East 102 well had encountered oil and gas with total recoverable reserves estimated at around 19.2 million barrels of oil equivalent and that it would now stop all activities in Syria.

30-01-2012

The European Union and Canada have expanded the blacklists of Syrian individuals and entities they are sanctioning on the back of the handling by the Syrian authorities of the popular uprising gripping the country.

26-12-2011

The disruption of its Syrian operations has forced INA Nafte, a Croatian oil company, to demand the suspension of trading on its shares in the London and Zagreb stock exchanges.

26-12-2011

Gulfsands Petroleum has announced that it was continuing exploration works in Syria only a few days after announcing its suspension of production activity.

19-12-2011

Kulczyk Oil Ventures has announced that the initial exploration period for Block 9 has been extended 11 months by the Syrian Government.

12-12-2011

Suncor Energy and Gulfsands Petroleum have announced that they were suspending their operations in Syria in light of the latest sanctions announced by the European Union.

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.

14-11-2011

IPR, an independent American oil company, said that it was continuing its exploration works in Syria.

05-09-2011

The four businessmen and three corporations sanctioned by the European Union last week form part of a growing list of business actors that are feeling the weight of the international pressure on Syria.

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.

22-08-2011

Last week, the United States imposed new economic sanctions on Syria and a ban on all US imports of Syrian crude oil, measures that are gradually increasing the heat on the country’s economy.