Deir-ez-Zor (439)


France’s Total has denied that it was currently holding discussions with the Syrian Government for the building of a new refinery.

The decrease in oil production levels is prompting the Syrian government to open new blocks for drilling to Arab and other foreign companies.

Syria is engaged in negotiations with French, Chinese and Russian firms for oil projects worth USD 4.4 billion, Abdallah Dardari, Syria’s deputy PM for economic affairs, said during a conference in Manama.

Trade relations between Syria and India increased by 850 percent over the last eight years according to a communiqué from the Indian embassy in Damascus.
Petro-Canada, one of the last major foreign stakeholders in Syria’s oil sector, is to sell its 18.7% share of the Al Furat Petroleum Company (AFPC), Syria’s leading national petroleum company, the Syria Report has learned.
Syria has faced up to the levels of poverty in its country, with the release of a nationwide UNDP report, produced in conjunction with the State Planning Commission, showing that between 2003-2004 almost 2 million individuals, or 11.4% of the populatio...
The nation wide census conducted last year by the Central Bureau of Statistics has started to yield its first results.
The International Bank for Trade and Finance (IBTF) has opened its first branch in Aleppo and the second in the country.
According to the annual report of the Investment Bureau, the Investment Higher Council licensed a total of 759 investment applications for a total paper value of SYP 203.6 billion (around USD 3.85 billion).
The EU is providing a EUR 18 million loan to Syria under the MEDA programme to ensure better management of the country’s big cities - including developing city properties, attracting private investment, creating jobs and boosting services such as...

Conoco Phillips has confirmed that it will be withdrawing from Syria after it transfers the gas treatment plant it is operating in the country at the end of the third quarter of this year.

Exactly one year later than planned, Syria will being to supply Lebanon with gas for the first time in June this year following the completion of the gas pipeline linking the two countries.
The Public Establishment of Electricity for Generation and Transmission (PEEGT) has received bids for the engineering, procurement and construction (EPC) contract for the 750-MW combined cycle plant at Deir-ez-Zor, according to Middle east Engineering.
According to a recently released report, the estimated money transfers from Syrian workers in Lebanon stood at USD 1.5-2 billion a year.
Petro-Canada, Oxy lose major gas deal. State-owned company will run it instead while a new international tender will be issued for the gas treatment plants.
The Ministry of Tourism is organizing an international conference next April to attract more investments in the Syrian tourism sector.
Syria's production of crude oil has dropped to below 500,000 barrels of oil a day (b/d) for the first time in over a decade, according to both independent estimates and the Ministry of Oil.

An important project to divert water from the Euphrates River and to supply water to rural areas was inaugurated this month.

The Public Establishment of Electricity for Generation & Transmission (PEEGT) has released tender documents for the USD350 million engineering, procurement and construction (EPC) contract to build a new 750-MW combined cycle power plant at Deir-ez-...

The pullout of the US company from its lone project in Syria, following pressures from its shareholders, remains however a strong option.

Long-term commitment of TOTAL in Syria is in doubt after it fails to clinch the last significant development contract in the Syrian oil & gas industry.
The transport sector continues to witness significant investments. Air traffic is set to increase with new airports and growing capacity.
The national air carrier has been allowed to offer its services in joint-venture with private sector companies.
A new NGO, MAWRED has launched Syria's first business incubator dedicated to Syrian business women.
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.
Makram Obeid, Minister of Transport, announced that expansion works would be carried out on Mazzeh Airport, Damascus' other, and smaller, airport, starting next year, acording to Teshreen.

With the ambitious development plans of the two national railways operators, Syria is set to capitalize, at last, on its strategic geographic position.

With the ambitious development plans of the two national railways operators, Syria is set to capitalize, at last, on its strategic geographic position. Meanwhile, the country is also joining the International North - South Transport Corridor.

The International Finance Corporation, the private-sector financing arm of the World Bank Group is getting ready to extend a loan to Vimpex, an Austrian paper trading and manufacturing company, to finance its investment plans in the Deir-ez-Zor paper f...
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 long term aim is to reduce import of white sugar through the expansion of production capacity. Private investors have been allowed to enter the sector.
Four ventures have appeared as the front-runners for the award of a contract to develop the largest gas fields in Syria.
Syria held in mid-December the largest oil and gas seminar it has organised in years.
The number of Investment projects that have been approved by the Higher Investment Council has sharply risen in 2002, according to Mustafa al-Kifri, head of the Investment Bureau (IB).

The draft law amending Syria's investment framework has been published by Al-Baath, one of the three national state-owned dailies.

The first half of the year has seen a growth of 13.6 percent in passenger traffic at Syria's five airports (Damascus, Aleppo, Lattakia, Deir-ez-Zor, Qamishli) in comparison with the same period of last year, to reach a total of 1.2 million passengers.
Syria is to offer for tender the development of a major gas field which is expected to draw up to USD800 million in investments.
The Syrian President has signed into decree a law establishing two new free trade zones in the eastern part of the country.
Syria's ministry of transport is carrying out a feasibility study for the building of a new airport in Deir ez-Zor, in the eastern part of the country, with a capacity of 1 million passengers a year, reported Teshreen.

Conoco and TotalFinaElf SA have brought the USD400 million associated gas project in Deir-ez-Zor (eastern Syria) to full capacity of 13 million m3/day, said TotalFinaElf.