During the first quarter of 2011, Syria produced about 988,635 tons of phosphate compared to the planned amount which is estimated at 809,800 tons as the General Company for Phosphate and Mines has carried out its production plan with an execution rate of 122 percent.
Eng. Sufian Allaw Minster of Oil and Mineral Resources discussed with those involved in mineral and hydrocarbon geology areas in Idleb the reality of work and proposals for the development of oil and mineral resources and actions on the regulation of stone quarries.
Eng. Sufian Allaw Minister of Oil and Mineral Resources called to expand investment in the marble quarries of Masyaf which reserve production is estimated of more than 25 million tons in order to increase the blocks and slides marble are extracted and raise the quantities exported, especially manufactured ones.
The sales of phosphate exceeded plans by large and reached to 198% until the third quarter of 2010 and confirmed the geological Jamal Dairi Director-General of the General Establishment of Geology that foreign sales, amounting to about 7 billion Syrian pounds from the beginning of the year until the third quarter of this year, almost double the planned and the estimated 3.4 billion Syrian pounds.
Syria and India on Tuesday signed a memo of understanding on developing the fertilizers industry in Syria to produce phosphoric acid (H3PO4) and phosphate fertilizers to cover the needs of both the Syrian and the Indian markets.
In oil ministry on Tuesday a Memorandum of Understanding between Syrian and Indian Governments for the developing of phosphate and fertilizer industry in Syria through the establishment of joint ventures investment projects related to this industry.
Oil Ministry raised prices of phosphate by 10 $ per ton from $ 85 to $ 95 per ton, according to sources at the Oil Ministry and new prices is in force in 15 \ 9 \ 2010.
Minister of Petroleum and Mineral Resources Eng. Sufian Allaw discussed with a delegation of / Oswal Indian Fertilizers and Chemicals company headed by Abhe Oswal ways of cooperation in the areas of investment in oil shale and phosphate in Syria.
Syrian Cabinet approved Tuesday a bill law on the restructuring of some organizations and companies of the mineral resources sector. the bill provides that General Establishment of Geology and Mineral Resources to replace General Company for marbles and asphalt with all their rights and obligations.
Eng. Sufian Allaw Minister of oil and mineral resources stressed that phosphate Co.’ sales has improved in November after a significant drop in August and September, reaching total sales to 272 thousand tons ,55,750 tons sold to fertilizer plant in Homs, 138,963 tons were exported through the port of Tartus and about 77 thousand tons by way of Lebanon.
