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Companies Operating in Syria

Shell profits held back by weak refining

Royal Dutch Shell (RDSa.L) said it was targeting aggressive growth in the coming years, with the startup of big new projects and higher investments in exploration set to drive a 50 percent rise in cashflow and a 25 percent rise in oil and…

Gulfsands finds more oil in Syria

Oil firm Gulfsands Petroleum said it had found more oil at a well it is drilling in Syria, as its exploration activities in the country continue . (more…)

Gulfsands Syria exploration not hampered by sanctions

Gulfsands Petroleum said its exploration activities in Syria remained ongoing and would not be restricted by the recent introduction of additional European Union (EU) sanctions on oil production in Syria. (more…)

Sinochem, Gulfsands shut down Syria oil ops

Chinese state-controlled Sinochem and UK-listed explorer Gulfsands Petroleum have shut down their oil operations in Syria following European Union sanctions related to the crackdown on the uprising against the rule of President Bashar…

Suncor shuts down in Syria

Suncor Energy Inc. has pulled back from its operations in Syria. The company, which employs just over 100 foreign and national workers in the country, expects to extract expatriate staff in the coming few days. It will continue to pay…

Gulfsands reviewing impact of Syria sanctions

Gulfsands Petroleum said it was reviewing the impact of the latest EU sanctions on Syria on its production activities and on its contracts with the Syrian government and the General Petroleum Corporation (GPC). (more…)