(EIU Viewswire Via Thomson Dialog NewsEdge) COUNTRY BRIEFING
The Royal Dutch/Shell Group has signed a memorandum of understanding with the Ministry of Petroleum calling for the development of gas reserves. According to Shell, the two sides will now work on identifying specific projects on which to collaborate.
Shell is the largest foreign investor in Syrias oil and gas industry, although output from its main interest, fields operated by Al-Furat Petroleum Company, is declining.
Shells net oil production from Syria fell to 30,000 barrels/day (b/d) in 2006 from 36,000 b/d the previous year. Syrias total output of oil (including condensates and natural gas liquids) slipped to 417,000 b/d last year, compared with 458,000 b/d in 2005, according to the latest BP Statistical Review of World Energy. According to that review, Syria has relatively modest gas reserves of some 10 trn cu ft, with natural gas output rising only gradually over the past few years to reach 5.5bn cu metres in 2006. read more
Like this:
Like Loading...
This website and sisters
royaldutchshellplc.com,
shellnazihistory.com,
royaldutchshell.website,
johndonovan.website, and
shellnews.net,
are owned by
John Donovan. There is also a
Wikipedia segment.