Presentation on theme: "The Petroleum Industry in Syria SYROIL 2012 2 – 5 April."— Presentation transcript:
The Petroleum Industry in Syria SYROIL 2012 2 – 5 April
Overview of the Syrian Economy Area: 185,180 km2 Population 19,314,747 Natural resources: Petroleum, Phosphates, Chrome and Manganese Ores, Asphalt, Iron Ore, Rock Salt, Marble, Gypsum, Hydropower Economy growth: 3.3 % in real terms in 2007 GDP (purchasing power parity): $78.04 billion GDP (official exchange rate): $24.26 billion GDP - real growth rate: 5.1 GDP - per capita (PPP): $4,100 GDP - composition by sector: agriculture: 24.8%, industry: 25.1%, services: 50.1%
Overview of the Syrian Economy Exports: $9.713 billion Exports Commodities: Crude Oil, Petroleum Products, Fruits and Vegetables, Cotton Fiber, Clothing, Meat and Live Animals, Wheat, and Pharmaceutical Products Exports Partners: Iraq 27.3%, Germany 12.2%, Lebanon 9.5%, Italy 6.6%, Egypt 5.3%, Saudi Arabia 4.7% Imports: $10.54 billion Imports Commodities: Machinery and Transport Equipment, Electric Power Machinery, Food and Livestock, Metal and Metal Products, Chemicals and Chemical Products, Plastics, Yarn, Paper
Economic Reform Programme Full implementation of the Greater Arab Free Trade Agreement (GAFTA) since January 2005 Initialing the Syrian EU Association Agreement in 2004 The Free Trade Agreement (FTA) with Turkey, which follows the pattern of the Syrian EU Association Agreement, entered into force in 2007 Preferential Trade Agreement (PTA) was signed with Iran in 2005 Simplifying and enforcing foreign trade regulations, and working to completely eliminate the Negative list of imports (90% of the commodities have been liberalized till now, and efforts are ongoing for further liberalization) Ongoing efforts on both national and international levels regarding the accession of Syria to the WTO
Overview of the Oil Industry Proven geological oil reserves are estimated at 25.3 billion barrels Main location: in the central and northeastern parts of the country Nearly 40% of the country's territory is operated by Syrian Petroleum Company Remaining parts are opened to foreign companies under production sharing contracts which are mainly: – Shell: 132,000 barrels/day in 2007 through a joint venture (Al Furat Petroleum Company) with SPC – Total: 26,000 barrels/day in 2007 through its joint venture (Deir Ezzor Petroleum company) Exploration activity accelerated in the past five years involving companies from Canada, China, India, Croatia and Russia. Shell itself was granted two additional exploration concessions in 2006 covering 14,000 square kilometers in the southeast of the country.
Overview of the Gas industry Natural gas production reached 18 million cubic meters/day in 2007 of which 87% was used for electric power generation and 13% for major industrial plants. The government has plans to convert power plants and heavy industries from oil to gas feedstock to make more crude oil available for export. Shell will devise a master plan for the development of the gas sector in Syria, following an agreement signed with the Ministry of Petroleum. The agreement includes an assessment of the overall undiscovered gas potential in Syria, potential for upstream gas production, need for gas transmission and distribution networks and the opportunities for small
The Vision of the Oil & Gas Sector To consider petroleum products and in particular natural gas as a main factor for economic growth Supporting the industrial sector through securing its oil & gas requirements Using natural gas as a major source for electricity Increase the local refining capabilities in order to provide higher value added petroleum products Reach self sufficiency in providing fuel for transports and home consumption
Goals To sustain the current contribution of 20% to the GDP To provide all the local petroleum related needs through: – Intensify exploration activities for both oil & gas – Develop the current production methods – Implement advanced extraction methods – Implement efficient management systems – Develop the local refining capacities Achieve a surplus of oil & gas production Build regional strategic alliances Sustain the environmental requirements
Programmes and Projects ProgrammeInvested amountOutcomes Developing the fields operated by the Syrian Petroleum Company and establishing services companies US$ 383 MillionAchieving a production level of 230,000 barrels per day Oil & Gas ExplorationUS$ 256 MillionIncreasing the number of explored blocks Buying petroleum and drilling equipments US$ 170 MillionPromoting the technological capabilities of the Syrian Petroleum companies The central region gas projectUS$ 640 MillionProduction of 9 million cubic meter per day Revamping current gas factories and gas gathering stations US$ 43 MillionStabilizing the current production The Arab Gas ProjectUS$ 256 MillionGas equipments supply Refineries projects (constructing new refinery and revamping the existing two old refineries) US$ 2022 MillionRefining 140 thousand barrel per day
The 8th Syrian Intl Oil & Gas Exhibition SYROIL 2012 2 – 5 April
Basic Facts & Figures Number of Exhibitors: 267 (SYROIL 2010 data) Number of Foreign Exhibitors: 199 (SYROIL 2010 data) Countries represented: 41 (SYROIL 2010 data) Number of Visitors: 8,243 (SYROIL 2010 data) Exhibiting Space (gross): 16,500 sqm (SYROIL 2010 data) Periodicity: Biennial Date of Creation: 1998
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