Michaelstad: It is a unique experience of partnership in Syria
Syrian government and Syria Shell announced today the launch of Deir al-Zour Development Foundation aims to finance development projects in the area of development and development of oil and gas industry in Deir al-Zour through a grant from Shell Company in accordance with the

Convention to extend the contracts involved in the production that took place last year between the two parties.
Minister of Oil and Mineral Resources Eng. Sufian Al Allaw speaking at the opening ceremony to launch the Foundation was in the light of an agreement to extend the contracts of Syria Shell that Ensure the commitment of the company and its partners provide an annual grant of one million $ for a period of ten years, with the possibility of increasing the amount of an additional million dollars in the event the price of a barrel of oil exceeded 45 dollars, for the benefit of development projects in the eastern region and support the oil and gas industry, will be the full amount at which the first part of development projects .

Allaw said that there are a number of projects to be funded through a direct grant is the establishment of four water purification plants in the countryside to maintain a 200 cubic meters of hourly and sponsored by 60 million pounds and the drilling of three wells and treatment plants in the regions / Alchola / and / Kabbajb / and / Heribcha / with three tanks and a high cost of 32 million Syrian pounds and the extension of water networks in some villages in the area of the image at Deir al-Zour 15 million Syrian pounds and implementation of treatment plants for hospitals Assad ,Infants and children and / modern medicine in al –Mayadin and a-Basel and al-Bukmal / cost of 60 million Syrian pounds, as well as the establishment of sewage systems for five villages in a poor value of 25 million Syrian pounds, and finally contribute to the restoration of the old market value of Deir al- Zour 25 million Syrian pounds.

He explained that the package of the above projects is the beginning of the development projects to be prepared in sequence during the ten years it will be the exchange values of those projects grants in March 2008 and / / 2009 / combined the fact that the agreement is considered valid since last year has not paid any amount of them until today .

Allaw said that the nucleus of the new institution is to attract grants from various bodies to fund development projects, where he plans to supply the number of contributions, such as the contribution of Total Exploration and Production in Syria, which has pledged half a million and one million dollars as of the beginning of 2011 and all those contributions will be monitored by an independent budget investment to maintain and will be selecting the best qualified contractors for the implementation of projects being implemented by the institution and the onus on careful engineering supervision.

For his part, Minister of Local Administration, Dr. Tamer al –Hejah said that the institution will provide an independent budget to ensure the implementation of some strategic projects as the development plans of the ministry has a large but in some cases is the issue of funding for implementation of the budget is presented is very important to create real stability in some sectors after two years of drought It passed the region.

And the general manager of Syria Shell Ola Michaelstad that the establishment of an institution for the development of Deir al-Zour is a unique partnership between the way the Syrian government and the company, particularly as it works to ensure the sustainability of growth in the energy sector, and emphasizes that economic activity must achieve a balance with environmental protection and social development.
It is noteworthy that / Deir al-Zour Development / Board of Directors was formed equally between the Syrian side and Shell and will start work in the first of September next.

The meeting was attended by Minister of State for Administrative Development, Dr. Yousef al-Ahmed and the Secretary of Deir Al-Zour branch of the party, Dr. Taha Khalifa, Governor of Deir Al-Zour Arnous Hussein and Deputy Oil Minister Hassan Zainab and chairman of the AFPC and Henedy Said Associate Director of Syria Shell Ghaleb Suliamon and members of the Executive Office in the governorate of Deir al-Zour.

Syria Oil