Oil, Gas & Mining

A map of the blocks offered for investment by the Ministry of Oil.
Tatneft, the Russian oil company that won the contract to explore and develop the two-thousand sq. km Block 27, on the border with Iraq, will be investing USD 27 million in the exploration works, according to Shafagat Takhautdinov Director-General of T...
The pace of awards of new contracts remains unabated. Petro-Canada and Veritas this past month, ONGC Videsh, Tatneft, INA Naftaplin in the coming few weeks.
Beicip Franlab has been selected to carry out the feasibility study for the third crude oil refinery to be based in the eastern part of the country, near the city of Deir-ez-Zor.
The oil refinery of Banias, the country's second largest, is undergoing major maintenance works.
Syria's Ministry of Oil is planning to establish a polyethylene plant and soda caustic unit, affiliated to the Homs Refinery Company as a first step in the launch of a local petrochemical industry.
The Syrian Petroleum Company (SPC) has announed the discovery of a new natural gas field in the eastern part of the country, 65 km northwest of the city of Deir-ez-Zor.
The Syrian Petroleum Company (SPC) is expected to offer soon 10 blocks to international oil companies for exploring and developing into production sharing agreements (PSAs).
Four ventures have appeared as the front-runners for the award of a contract to develop the largest gas fields in Syria.
Syria, along with four other independent oil producers participated in OPEC's latest meeting in Vienna on July 31.
The oil sector continues to make the headlines again as the award of two oil exploration contracts have been announced in the past month.
The past month has seen the signing of two new oil contracts which, in one case, should help increase production by up to 30,000 barrels of oil a day (b/d) and in the other start explorations in one of the largest blocks in the country.
Following the set-up of the Syrian Gas Company last February, a Presidential decree, released on April 29, officially established a new company in charge of the marketing and distribution of gas, the Syrian Company for the Distribution of Gas (SCDG).
The Tanganyika Oil Company (TOC), which was recently awarded, through its affiliate Dublin Oil, the redevelopment contract of the Oud block, in the northeastern part of the country, is finalising its agreement with the Syrian Petroleum Company.
After the award by Lebanon, of the contract to build the Lebanon side of the Syrian-Lebanese gas pipeline, Syria is expected to start pumping gas to its neighbour before the end of the year.


Food Expo 2011
Damascus International Fairground
2nd International Finance Markets Investment Forum 2011
Sheraton Hotel Aleppo