Russia and Syria intend to increase bilateral trade turnover to USD 1 billion from its current figure of only USD 218 million, it was announced following a meeting of the Russian-Syrian commission for trade and economic and scientific-technical coopera...
Syria’s production of wheat stood at 4.3 million tonnes in 2004 from 4.7m T the year before, according to the annual Grain and feed report of the Foreign Service of the US Department of Agriculture (FAS-USDA).
Russia’s Tatneft has signed a contract with the Ministry of Petroleum and the Syrian Petroleum Company (SPC) to search for oil in Block 27 in the east of the country.
Russia is going ahead with its promise to sell Syria surface-to-air SA-18 missiles (or Igla-S).
Syrian President Bashar al-Assad signed an agreement with his Russian counterpart Vladimir Putin in the Kremlin on January 25 during of a four-day state visit that political leaderships in both countries hailed as an historic return to the strength of relations the two countries held during the Soviet era.
Syria’s huge debt to Russia has been largely written off following the visit to Moscow of Syrian President Bashar al-Assad late January.
Fields redevelopment works are yielding positive results. Long-term prospects for the Syrian oil industry, however, are a source of debate.
By Samir AITA*
One would imagine that the atmosphere in Syria is very heavy after the application of the sanctions ordered by the US President, followed by the US Treasury's accusations that the Commercial Bank of Syria is acting as a conduit for money laundering operations, and the EU's announcement that it is postponing the signature of its partnership with Syria.
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.
The Ministry of Industry is taking the first steps towards withdrawing itself, i.e. the State, from the management of manufacturing companies. Indeed, in a meeting with industrialists, the Minister of Industry announced that a number of companies in the food and beverages sector were now opened for a "partnership" with the private sector.
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.
Syria's Ministry of Oil is planning to establish a polyethylene plant and soda caustic unit, affiliated with the Homs Refinery Company as a first step in the launch of a local petrochemical industry.
Syria, along with four other independent oil producers participated in OPEC's latest meeting in Vienna on July 31.
The new political challenges that have followed the US assault and ensuing occupation of Iraq have continued to make their prints felt on Syria. Indeed, although the international community has now switched its focus to the Middle East road map, Syria's main challenge remains that of a reassessment of its position in a region completely overhauled by the Iraqi war.
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.
The Syrian Petroleum Company (SPC) has finalised a production-sharing deal with the China National Petroleum Corporation (CNPC) for the development of the Kebibe field in the north-eastern part of the country.
Meanwhile, Nikolay Tokarev, head of Russia's state-owned oil company Zarubezhneft signed on February 9 the setting up of a joint-venture company with Ahmad Mualla, director-general of SPC.
Pressures from the US and Israel have led Russia to deny that it was negotiating with Syria the building of both a 1,000-MW nuclear power facility and a nuclear-powered desalination unit.
On January 11, Haddad announced the award of five new oil exploration rights licenses.
Syria held in mid-December the largest oil and gas seminar it has organised in years.