Oil, Gas & Mining
Iran’s delivery of crude oil to Syria has helped stabilise the supply of oil products to the market, whiles strikes by the U.S.-led coalition have increased the losses of the country’s oil industry, the Minister of Petroleum has said.
For the second time in the space of a month, the Syrian Government has reduced the price of fuel oil.
Syria’s Minister of Oil has denied that the oil pipeline linking the Hassakeh oil fields to the Homs refinery was in use.
The Syrian Government has reduced the price of fuel oil sold to manufacturers as global oil prices decline.
The Syrian Government has updated its estimate for the losses of the Syrian oil sector which seems to factor in the damage from the latest attacks by the international coalition.
Airstrikes on oil and gas fields in eastern Syria by the U.S.-led coalition appear to have already led to a rise in power cuts in Damascus and other Syrian cities.
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.
An Israeli company searching for oil in the occupied Golan Heights has received a two-year extension on its drilling rights.
An update by the Ministry of Petroleum has confirmed the dire situation of the Syrian oil and gas industry.
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.
The Damascus Governorate has increased the price of gas bottles only ten days after a countrywide increase imposed by the Ministry of Domestic Trade.
The takeover by ISIS of a gas pipeline has reduced Syria’s gas output by a quarter, the Minister of Petroleum said.
An Israeli oil company searching for oil in the occupied Golan Heights said that it found “significant quantities of oil and gas.”
In a surprise move, Russia’s Soyuzneftegaz, an oil and gas company exploring Syria’s offshore areas, has announced that it was withdrawing from the Syrian market.
The Syrian Ministry of Petroleum has updated its estimate of the losses suffered by Syria’s gas industry since the beginning of the uprising in March 2011.
Dama Rose Hotel
Damascus International Fairground