|
|
Article: SPC: Syrian Petroleum Company has a difficult task in managing the state's falling production.(NOC survey 2008)(Syrian Petroleum Co.)(Statistical table)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- July 4, 2008
- Author:
CopyrightCOPYRIGHT 2008 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Company Syrian Petroleum Company
Oil reserves 2.5 billion barrels
Oil production 2007 394,000 barrels a day *
Gas reserves 10.2 trillion cubic feet
Gas production 2007 5.3 billion cubic metres
* Includes NGLs. Source: BP Statistical Review 2008
Syrian Petroleum Company (SPC) is charged with managing Syria's steady decline in oil production, a thankless task for its new managing director, Omar al-Hamad, who takes the helm of a company that lacks the resources to stem the falls on its own. The company is responsible for less than half of Syria's estimated 370,000 b/d output, the rest being produced by joint venture companies, ...