SPC: We seek to update the equipment from excavators, machinery and replenished with advanced equipment to increase the geological reserves of oil and gas and we are working on the rehabilitation and resettlement of technical staff and development
SPC seeks to maintain the normal production of oil as long as possible to the survival hopes with a list of a gradual increase production through the expansion of the exploration and development of existing fields produced using modern technology to increase cost-effectiveness of productivity.
Oil-industry executives here anticipate a surge of interest by international petroleum companies amid a recent thaw in the country’s diplomatic relations with the West.
Affected by the oil sector in Syria as prices fall in year-end 2008 and early 2009 in a country depends partly on where oil production is likely to impact this sector weighed on economic growth in general. Indeed, according the International Monetary Fund is expected to register a negative growth of the oil sector represented 1,9% - after he had recorded a lower percentage decrease in the year 2008 (0,1% -)
Despite an emerging global consensus that oil prices are dangerously high, there seems little chance of the cost of oil falling significantly in the near future.
