Gulfsands (220)

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.

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.

02-05-2017

In this 2,500-word factsheet, we provide an overview of Syria’s economic and financial relations with Russia.

02-05-2017

In this 2,500-word factsheet, we provide an overview of Syria’s economic and financial relations with Russia.

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.

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.

28-06-2016

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.

28-06-2016

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.

22-03-2016

Ayman Asfari, one of Syria’s wealthiest individuals, has reportedly bought a significant stake in a company with significant oil assets in Syria and which includes among its other shareholders one of the regime's most powerful business tycoons.

22-03-2016

Ayman Asfari, one of Syria’s wealthiest individuals, has reportedly bought a significant stake in a company with significant oil assets in Syria and which includes among its other shareholders one of the regime's most powerful business tycoons.

24-11-2014

Syria’s Kurdish regions are producing an average of 40,000 barrels of crude oil per day, according to a report in the Wall Street Journal.

24-11-2014

Syria’s Kurdish regions are producing an average of 40,000 barrels of crude oil per day, according to a report in the Wall Street Journal.

19-05-2014

Soyuzneftegaz, a Russian oil and gas company, is raising its involvement in Syria’s energy sector by increasing its stake in an oil company that has sizeable assets in the country.

19-05-2014

Soyuzneftegaz, a Russian oil and gas company, is raising its involvement in Syria’s energy sector by increasing its stake in an oil company that has sizeable assets in the country.

09-09-2013

Gas and oil facilities located in Syria’s eastern region were hit last week leading to a decline in electricity production in the area.

09-09-2013

Gas and oil facilities located in Syria’s eastern region were hit last week leading to a decline in electricity production in the area.

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.

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.

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.

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.

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.

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.

11-03-2012

The Syrian Government has reportedly decided to allocate a percentage of the revenues of oil companies to the development of the Governorates in which these companies are located, the first time this type of measure is adopted in Syria.

11-03-2012

The Syrian Government has reportedly decided to allocate a percentage of the revenues of oil companies to the development of the Governorates in which these companies are located, the first time this type of measure is adopted in Syria.

27-02-2012

Croatia’s INA Naftaplin has announced that it was reviewing the situation of its investment in central gas fields in Syria after the decision of the Croatian Government to impose sanctions on the country’s oil sector.

27-02-2012

Croatia’s INA Naftaplin has announced that it was reviewing the situation of its investment in central gas fields in Syria after the decision of the Croatian Government to impose sanctions on the country’s oil sector.

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.

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.

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.

02-01-2012

Russia’s Tatneft has become the latest oil company to announce the suspension of its operations in Syria.

02-01-2012

Russia’s Tatneft has become the latest oil company to announce the suspension of its operations in Syria.

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.

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.

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.

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.

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.

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.

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.

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.

16-11-2011

Total of France has become the latest oil company operating in Syria to acknowledge that it had stopped receiving payments from the Syrian Government for its crude exports.

16-11-2011

Total of France has become the latest oil company operating in Syria to acknowledge that it had stopped receiving payments from the Syrian Government for its crude exports.

17-10-2011

Gulfsands Petroleum has announced that it has not received payment for its August production, raising fears for the company's prospects as well as for the government's finances.

17-10-2011

Gulfsands Petroleum has announced that it has not received payment for its August production, raising fears for the company's prospects as well as for the government's finances.

17-10-2011

Loon Lattakia, the Syrian subsidiary of Kulczyk Oil, a Canadian-Polish independent oil company, has announced that it is suspending exploration works in Block 9.

17-10-2011

Loon Lattakia, the Syrian subsidiary of Kulczyk Oil, a Canadian-Polish independent oil company, has announced that it is suspending exploration works in Block 9.