Oil, Gas & Mining
The Ministry of Petroleum has announced the inauguration of a new gas well as it keeps investing in the oil and gas fields under its control in order to reduce the shortages of energy supplies in the market.
The Syrian portion of the Arab Gas Pipeline was attacked again earlier this month but has since been repaired.
Al-Mashrek, the investment arm of Rami Makhlouf, Syria’s most prominent business tycoon, has taken to court Gulfsands Petroleum over claims that its share in the UK-based oil company has been diluted.
Syria’s oil minister has provided new estimates for Syria’s annual oil import bill and the industry’s total losses since the beginning of the uprising.
Russia’s energy minister has confirmed that his country was looking at opportunities to develop Syria’s oil and gas assets only days after an Iranian official expressed the same interest.
The Syrian Government has retaken full control of the Mahr gas field in central Syria after fighting back ISIS.
The decline in oil revenues from ISIS, reported last week by a U.S. official, will have broader short-term consequences on the Syrian economy.
The exploration for oil in Syria's occupied Golan Height has taken another twist after the suspension of the license awarded to an Israeli company.
The capture last week by the Islamic State of several gas fields in the region of Palmyra is posing serious risks for the energy supplies of Damascus.
Syria’s production of oil and gas continued its decline in the first quarter of this year, according to the Ministry of Petroleum and Mineral Resources.
Fighter jets from the U.S.-led coalition have targeted again the DEZGAS plant near Deir-ez-Zor, a local media has reported.
Afek Oil, an Israel oil company exploring for oil in the occupied Golan Heights said that it had received a one-year extension to its exploration permit.
ISIS revenues are on the decline, according to several international experts.
A bribery scandal involving a global oil company has revealed ties to Syrian businesses and executives.
The takeover of Palmyra by Syrian Government forces is likely to improve the latter's access to gas and phosphate resources.
Damascus International Fairground
Dama Rose Hotel