Syria | Egypt Oil & Gas - Part 2

Egypt to Export Electricity to Syria, Iraq via Jordan

The Ministry of Electricity and Renewable Resources began meeting with Jordanian officials to boost the capacity of the interconnector from 450 MegaWatt (MW) to 1,000 MW.

Syrian Petroleum Company Loses 252M Barrels of Crude in H1 2018

The Syrian Petroleum Company lost around 252 million barrels of oil in the first half of 2018 due to delays, production failures and theft.

SDF Captures Syria’s Largest Oilfield

The Syrian Democratic Forces (SDF) claim that they have captured the El Omar oilfield.

Iran to Build Refinery in Homs

Iran has agreed to build an oil refinery in the Syrian city of Homs.

Iranian Company to Export Five Gas-Fired Power Plants to Syria

The Iranian company, Mabna, accepted a contract from the Syrian government to import five gas-powered units for use in Aleppo.

Russia to Invest in Syria’s Infrastructure

Syria is in talks with Russia to have Russian oil companies participate in restoring Syrian oil extracting infrastructure.

Russia Favored to Work in Syria’s Oil, Gas

Russian companies would be the preferred choice to work in oil and gas production in Syria, according to a member of Russia’s Parliament, Dmitry Sablin.

Islamic State Set Fire to Iraqi Oil Wells

Islamic State militants set fire to four oil wells in Qayyara, south of Mosul before abandoning the city in mid August.

IS-Produced Fuel Allegedly Sold in Europe

Fuel produced by Islamic State is suspected to be sold at gas stations in Bulgaria, while the trade is further aiming for Europe.

ISIS Employs Foreign Workers to Keep its Oil Flowing

The Islamic State militant group had employed thousands of workers to keep crude pumping from rudimentary wells captured in the oil fields of Iraq and Syria. Oil revenue is making up nearly half of the group’s profits.

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