Syrian Petroleum Company

Syrian Petroleum Company
State owned
Industry Oil and gas
Founded 1974
Headquarters Damascus, Syria
Products Petroleum
Parent General Petroleum Company
Website www.spc.com.sy

The Syrian Petroleum Company (SPC, Arabic: شركة النفط السورية‎‎) is a state-owned oil exploration and production company. The company was established in 1974. It is a part of the General Petroleum Company.[1]

SPC operated fields around Al-Sweidiyeh in the Al-Hasakah Governorate, including Al-Houla, Shadada, Jbeissa, Sweidiya, Rumailan and Al-Omar.[2][3] In March 2011, SPC produced about 55% of total oil produced in Syria.[4] On 18 August 2011, SPC was put into the United States sanctions list due to the Syrian civil war.[5]

Subsidiaries

The Syrian Petroleum Company owns 50% stake in Syria's main oil producer—Al-Furat Petroleum Company. Other shareholders of the Al-Furat Petroleum Company are Royal Dutch Shell, India's Oil and Natural Gas Corporation, and the China National Petroleum Corporation.[6][7]

Other subsidiaries are:

References

  1. ↑ Country Analysis Briefs: 1994: Profiles of Major World Energy Producers, Consumers, and Transport Centers. DIANE Publishing. 1995. p. 70. ISBN 9780788125003.
  2. ↑ "Hitting Islamic State's oil operations". BBC News. 2014-09-25. Retrieved 2016-01-31.
  3. ↑ "EU eases Syria oil embargo to help opposition". BBC News. 2013-04-22. Retrieved 2016-01-31.
  4. ↑ Butter, David (2014-04-02). "Fueling Conflict: Syria's War for Oil and Gas". Carnegie Endowment for International Peace. Retrieved 2016-01-31.
  5. ↑ "Factbox: Sanctions imposed on Syria". Reuters. 2012-02-24. Retrieved 2016-01-31.
  6. ↑ "Syrian Petroleum Company - Description". OilVoice. Archived from the original on 2010-08-16. Retrieved 2008-06-28.
  7. ↑ "The 2006 Annual Report for Petro-Canada (see Discontinued Operations, p. 32)" (PDF). PetroCanada. Retrieved 2011-11-10.
  8. ↑ "Syrian Petroleum Company". Zawya. Retrieved 2008-06-28.
This article is issued from Wikipedia - version of the 9/21/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.