Syrian Oil and Gaz News

New location for joint refinery with China in Deir al-Zour

A meeting attended by Minister of Oil and Mineral Resources Sufian Allaw, Governor of Deir Al-Zour Arnous Hussein with the managers of companies operating in Syria and the directors of government departments in the provinces focused on ways to determine the location of the refinery, the establishment of joint ventures with China in Abu Khashab province.

 


The participants reviewed the details of a project and the note by the director of the industrial city in Deir al-Zour relating to object to the current location of the refinery, located near the industrial city and its request to remove the site to a distance of about five kilometers.

 
Allaw asked after Preview refineries location and the priority would give with the site is proposed to determine the four corners of the site as soon as possible and begin the process of studies have luck with the proposal are the removal of equipment as possible to the farthest point from the industrial city so as to avoid any potential environmental impact by referring to that consensus had been reached on the site current being environmentally and economically appropriate for the establishment of the refinery, on an area of 4000 acres and close to important industrial city in Deir al-Zour feed for the oil and petrochemical products.

 

Oil minister estimated project cost of about two billion dollars as the economic feasibility study and the duration of completion of three years ago.

 
It is noteworthy that the project to establish a joint refinery with the Chinese side at the site of Abu Khashab is in accordance with the Memorandum of Understanding signed between the two sides in September 2005, which provided for the establishment of a joint can about 100 thousand barrels per day of mixed Syrian Oil and respected world-class environmental conditions that the partnership by 85 percent, to Chinese C.N.B.C Company ,and 15 percent of the Syrian side on the Syrian side that will provide land for the project.

 
global crude oil is offered in world prices as well as the buying prices of petroleum products in the world while the Chinese side to prepare the studies and the establishment of facilities and extend the value of the partnership as a memorandum of understanding for 50 years, renewable with the consent of the parties