Minister of Petroleum and Mineral Resources, Sufian Allaw, stressed on Wednesday that a Venezuelan oil tanker loaded with 35000 tons of diesel arrived on Monday, adding that Venezuela is preparing another tanker bound to Syria.
Eng Sufian Allaw Minister of Petroleum and Mineral Resources said that all establishments operating in the oil do its part fully, especially in these circumstances experienced by Syria in terms of increased rates of production of the materials we need, mainly such as diesel and cooking gas and gasoline.
Syria’s loss because of the unjustified sanctions imposed on Syrian Oil sector since the beginning of last September amounted to about 2 billion US dollar, Engineer Sufian Allaw, Minister of Oil and Mineral Resources declared.
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Minister of Petroleum and Mineral Resources Sufian Allaw said Thursday that the European companies, which suspended their work in Syria are "free at their disposal," adding that "local talents" are able to continue work, revealing at the same time for new contracts in oil area..
Oil Minister Sufian Allaw said that Syria’s oil production fell by range between 20 and 25%, due to European and U.S. sanctions on oil exports and investment, and denied any withdrawal of foreign companies from the oil sector.
Oil Minister Sufian Allaw the ministry has signed three contracts for the export of large quantities of Syrian oil which will start next month.
Eng. Sufian Allaw Minister of Oil and Mineral Resources said that the Government recently was able ,in spite all US and EU sanctions imposed on Syrian Oil sector, to meet needs and requirements of the country of oil derivatives by signing contracts with many companies from friendly countries.
Minister of Petroleum and Mineral Resources Sufian Allaw Said that the Syrian government was able recently to meet the needs and requirements of the country of oil derivatives by signing contracts with several interested companies in Iran, Russia, India, China, Malaysia and Indonesia.
An official source at the General Petroleum Corporation said that the decision to ban oil investments would cover only new investments of international oil companies, and may not include old investments, saying that the new sanctions will affect the strategic interests of European companies interested in investing in the Syrian coast as the biggest beneficiary of the discoveries of future oil in the Mediterranean .
the Syrian Oil Minister Assistant Hassan Zainab expects commitment from European companies operating in oil industry, such as «Shell» and «Total», in the European Union’s decision that recently imposed sanctions on the import of Syrian oil. He stressed that sanctions would be significant on financial, technical levels or in terms of supply of high-tech equipment and software
