Eng.Sufian Allaw Minister of oil and Mineral Resources said that the decline in global oil prices led to the reluctance of oil companies from investing in Syrian fields, pointing out that his ministry has a somewhat different view on the outlook of the Ministry of Finance about the decline in oil prices.
.jpg)
Eng. Sufian Allaw Minister of oil and mineral resources said that local market is wide open for individuals and companies investments by establishing fuel stations. Up till 16th June about 219 persons offer to do that.
Eng.Sufian Allaw Syrian Oil Minister said that Egyptian gas to Syria is currently rate of 90 million cubic feet per day equivalent to 20% of the total gas consumption in Syria of 450 million feet a day.
Eng. Sufian Allaw Minister of Oil and Mineral Resources said that a large land and sea areas in need of prospecting and exploration of up to 50 thousand km 2 will be offered for investment by specialized companies in exploration and exploration, pointing to the existence of a large number of fields, the old configuration that are to be submitted in order to improve the productivity of oil wells, the old investor previously that the use of new technologies promise more of the production.
Minister of Finance Mohammad al-Hussein said that the decline in global oil prices was for the benefit of the Syrian economy, pointing out that impact of global financial crisis economy on Syrian banks and economy has been limited.
Eng. Sufian Allaw Minister of Oil and Mineral Resources stressed on the importance of Syrian Iranian Relations in all areas indicating to crucial joint projects the two countries intended to establish in gas and oil areas.
Syrian oil and mineral resources Sufian Allaw said declined the latest hearsays about coming cut for fuel and benzene prices, saying “we hear this information in the media, and it is baseless.”
Consumer Protection society chairman Adnan Dakhakheeni Said “The Assembly calls upon the Government to reduce energy prices because of low world prices, as this action has positive impacts on citizens, especially since the State does not have a significant burden.”
Syrian Oil Minister Sufian Allaw said that the restructuring of the Ministry of Oil in accordance with Decrees 14 and 15 of 2-14-2009 that contained creation of public corporations,oil refining and distribution of petroleum products designed to keep abreast of developments in this sector in terms of increase in the number of operating companies and joint ventures as well as contracts for exploration and prospecting.
Eng. Omer al-Hamad Director General of the Syrian petroleum Company, said that the company is currently working on modernization its equipments at adding new and sophisticated equipments in order to increase the geological reserves of oil and gas to supplement the current reserves in Syria and to increase yield viable production from current investing fields.
