Ministery of Oil and Mineral Resources participated with some operating Companies in Syria In Arab Businessmen and Investors 13th Conference in Damascus.

The conference Secessions focused on investing in Energy , oil and mineral resources sectors.

Eng. Sufian Allaw Minister of Oil and Mineral Resources reviewed available opportunities in oil and gas sector investments and highlighted Syria’s potentials in mineral resources with reserves exceeded 34 billion barrel of crude oil and geological reserve of 25 billion barrels.

Allaw said that Syria’s gas reserve is about 1385 billion cubic meter only 700 billion cubic meters of it is discovered and 410 billion cubic meters are producible and the remain is 285 billion cubic meters indicating to huge reserves that in need to be explored and other to be produced.
Allaw added that 8 blocks with 60.000 Square KM will be announced for Exploration and Excavation at the last of this month indicating to some future projects for gas shipping to Industerial Cities and Ceramic factories and Buses Stations.

Sajjad : Company depends on National Staffs as one of its success factor

On his part Mahdi Sajjad Gulf Sands Petroleum Company GM highlighted Syrian Government procedures to facilitate Operating Companies in Syria management indicated that depends on National Staffs as one of its success factor.

He clarified that his Company produces increasable 17.000 barrel a day ..and invested 200 million $ during the last five years saying that the company faced all challenges and cooperate with oil ministry to go on its work.

Michistad : we participated in developing national staffs through investing in HR

Ola Michistad GM. Syria Shell Company said that the company successful investment in Syria after 10 years of its works came due to cooperation with oil Ministry and government and local partners in addition to training programs for the HR in joint projects.

He added that we invested 8 billion $ through 38 oil field with high rate of extracting and we participated in developing national staffs through investing in HR and preparing training.

Syria-oil