Syrian Petroleum Company

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Syrian Petroleum Company
State owned
Industry Oil and gas
Founded 1974
Headquarters Damascus, Syria
Products Petroleum
Parent General Petroleum Company
Website www.spc.com.sy

The Syrian Petroleum Company (SPC, Arabic: شركة النفط السورية‎‎) is a state-owned oil exploration and production company. The company was established in 1974. It is a part of the General Petroleum Company.[1]

SPC operated fields around Al-Sweidiyeh in the Al-Hasakah Governorate, including Al-Houla, Shadada, Jbeissa, Sweidiya, Rumailan and Al-Omar.[2][3] In March 2011, SPC produced about 55% of total oil produced in Syria.[4] On 18 August 2011, SPC was put into the United States sanctions list due to the Syrian civil war.[5]

Subsidiaries[edit]

The Syrian Petroleum Company owns 50% stake in Syria's main oil producer—Al-Furat Petroleum Company. Other shareholders of the Al-Furat Petroleum Company are Royal Dutch Shell, India's Oil and Natural Gas Corporation, and the China National Petroleum Corporation.[6][7]

Other subsidiaries are:

  • Amrit Petroleum Company (50%)
  • Awda Petroleum Company (50%)
  • Dujla Petroleum Company (50%)
  • Hayyan (50%)
  • Kawkab Oil Company [KOC] (50%)
  • Deir Ezzor Petroleum Company (50%)[8]

References[edit]

  1. ^ Country Analysis Briefs: 1994: Profiles of Major World Energy Producers, Consumers, and Transport Centers. DIANE Publishing. 1995. p. 70. ISBN 9780788125003. 
  2. ^ "Hitting Islamic State's oil operations". BBC News. 2014-09-25. Retrieved 2016-01-31. 
  3. ^ "EU eases Syria oil embargo to help opposition". BBC News. 2013-04-22. Retrieved 2016-01-31. 
  4. ^ Butter, David (2014-04-02). "Fueling Conflict: Syria's War for Oil and Gas". Carnegie Endowment for International Peace. Retrieved 2016-01-31. 
  5. ^ "Factbox: Sanctions imposed on Syria". Reuters. 2012-02-24. Retrieved 2016-01-31. 
  6. ^ "Syrian Petroleum Company - Description". OilVoice. Archived from the original on 2010-08-16. Retrieved 2008-06-28. 
  7. ^ "The 2006 Annual Report for Petro-Canada (see Discontinued Operations, p. 32)" (PDF). PetroCanada. Retrieved 2011-11-10. 
  8. ^ "Syrian Petroleum Company". Zawya. Retrieved 2008-06-28. 

External links[edit]