Petroleum Industry In Syria
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Petroleum Industry In Syria
The petroleum industry in Syria forms a major part of the economy of Syria. According to the International Monetary Fund, before the Syrian Civil War, oil sales for 2010 were projected to generate $3.2 billion for the Syrian government and accounted for 25.1% of the state's revenue. Syria is a relatively small oil producer, that accounted for just 0.5% of the global production in 2010, falling to less than 0.05% by 2016. Although Syria is not a major oil exporter by Middle Eastern standards, oil is a large industry forming a major component of the Syrian economy, because of Syria's extremely low GDP per capita. Syria's oil sector has been hit by the Civil War and international sanctions imposed on Syria. Syria's two biggest oil companies are the Syrian Petroleum Company (SPC), which is owned by the Syrian Ministry of Petroleum and Mineral Resources, and Al-Furat Petroleum Company which is 50% owned by General Petroleum Corporation and the other 50% are foreign owned. The joint v ...
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Economy Of Syria
Syria's economic situation has been turbulent and their economy has deteriorated considerably since the beginning of the Syrian civil war, which erupted in March 2011.CIA World Fact Book – Syria's Economy
Cia.gov.


History


Post independence

Since Syria became independent in 1946, the economy has undergone widespread structural change. Although the presence of the
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Palestinian Territories
The Palestinian territories are the two regions of the former British Mandate for Palestine that have been militarily occupied by Israel since the Six-Day War of 1967, namely: the West Bank (including East Jerusalem) and the Gaza Strip. The International Court of Justice (ICJ) has referred to the West Bank, including East Jerusalem, as "the Occupied Palestinian Territory", and this term was used as the legal definition by the ICJ in its advisory opinion of July 2004. The term occupied Palestinian territory was used by the United Nations and other international organizations between October 1999 and December 2012 to refer to areas controlled by the Palestinian National Authority, but from 2012, when Palestine was admitted as one of its non-member observer states, the United Nations started using exclusively the name State of Palestine. The European Union (EU) also adopts the term occupied Palestinian territory, with a parallel term Palestinian Authority territories also occasion ...
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Illinois
Illinois ( ) is a U.S. state, state in the Midwestern United States, Midwestern United States. Its largest metropolitan areas include the Chicago metropolitan area, and the Metro East section, of Greater St. Louis. Other smaller metropolitan areas include, Peoria metropolitan area, Illinois, Peoria and Rockford metropolitan area, Illinois, Rockford, as well Springfield, Illinois, Springfield, its capital. Of the fifty U.S. states, Illinois has the List of U.S. states and territories by GDP, fifth-largest gross domestic product (GDP), the List of U.S. states and territories by population, sixth-largest population, and the List of U.S. states and territories by area, 25th-largest land area. Illinois has a highly diverse Economy of Illinois, economy, with the global city of Chicago in the northeast, major industrial and agricultural productivity, agricultural hubs in the north and center, and natural resources such as coal, timber, and petroleum in the south. Owing to its centr ...
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Exxon-Mobil
ExxonMobil Corporation (commonly shortened to Exxon) is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller's Standard Oil, and was formed on November 30, 1999, by the merger of Exxon and Mobil, both of which are used as retail brands, alongside Esso, for fueling stations and downstream products today. The company is vertically integrated across the entire oil and gas industry, and within it is also a chemicals division which produces plastic, synthetic rubber, and other chemical products. ExxonMobil is incorporated in New Jersey. ExxonMobil's earliest corporate ancestor was Vacuum Oil Company, though Standard Oil is its largest ancestor prior to its breakup. The entity today known as ExxonMobil grew out of the Standard Oil Company of New Jersey (or Jersey Standard for short), the corporate entity which effectively controlled all of Standard Oil prior to its breakup. Jersey Standard g ...
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Royal Dutch Shell
Shell plc is a British multinational oil and gas company headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New York Stock Exchange. It is one of the oil and gas "supermajors" and by revenue and profits is consistently one of the largest companies in the world. Measured by both its own emissions, and the emissions of all the fossil fuels it sells, Shell was the ninth-largest corporate producer of greenhouse gas emissions in the period 1988–2015. Shell was formed in 1907 through the merger of Royal Dutch Petroleum Company of the Netherlands and The "Shell" Transport and Trading Company of the United Kingdom. The combined company rapidly became the leading competitor of the American Standard Oil and by 1920 Shell was the largest producer of oil in the world. Shell first entered the chemicals industry in 1929. Shell was one of the " Seven Sisters" whi ...
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Iraq Petroleum Company
The Iraq Petroleum Company (IPC), formerly known as the Turkish Petroleum Company (TPC), is an oil company that had a virtual monopoly on all oil exploration and production in Iraq between 1925 and 1961. It is jointly owned by some of the world's largest oil companies and headquartered in London, England, although today it is only a paper entity with historical rights and plays no part in the modern development of Middle Eastern oil. In June 1972, the Ba'athist government in Iraq nationalized the IPC and its operations were taken over by the Iraq National Oil Company. The company "Iraq Petroleum Company" still remains extant, however, only on paper and one associated company – the Abu Dhabi Petroleum Company (ADPC, formerly Petroleum Development (Trucial Coast) Ltd) – also continues with its original shareholding intact. The related Iraq Petroleum Group was an association of companies that played a major role in the discovery and development of oil resources in are ...
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French Mandate
The Mandate for Syria and the Lebanon (french: Mandat pour la Syrie et le Liban; ar, الانتداب الفرنسي على سوريا ولبنان, al-intidāb al-fransi 'ala suriya wa-lubnān) (1923−1946) was a League of Nations mandate founded in the aftermath of the First World War and the partitioning of the Ottoman Empire, concerning Syria and Lebanon. The mandate system was supposed to differ from colonialism, with the governing country intended to act as a trustee until the inhabitants were considered eligible for self-government. At that point, the mandate would terminate and an independent state would be born. During the two years that followed the end of the war in 1918—and in accordance with the Sykes–Picot Agreement signed by Britain and France during the war—the British held control of most of Ottoman Mesopotamia (modern Iraq) and the southern part of Ottoman Syria (Palestine and Transjordan), while the French controlled the rest of Ottoman Syria, Lebanon, ...
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Baniyas
Baniyas ( ar, بَانِيَاس ') is a Mediterranean coastal city in Tartous Governorate, northwestern Syria, located south of Latakia (ancient Laodicea) and north of Tartous (ancient Tortosa). It is known for its citrus fruit orchards and its export of wood. North of the city is an oil refinery, one of the largest in Syria, and a power station. The oil refinery is connected with Iraq with Kirkuk–Baniyas pipeline (now defunct). On a nearby hill stands the Crusader castle of Margat (Qalaat el-Marqab), a huge Knights Hospitaller fortress built with black basalt stone. History In Phoenician and Hellenistic times, it was an important seaport. Some have identified it with the Hellenistic city of Leucas (from colonists from the island Lefkada), in Greece, mentioned by Stephanus of Byzantium. It was a colony of Aradus, Strabo, ''Geographica'', 16.2.12Greek sourcean and was placed by Stephanus in the late Roman province of Phoenicia, though it belonged rather to the provinc ...
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Deir Ali
Deir Ali ( ar, دير علي) is a small town in southern Syria, administratively part of the Rif Dimashq Governorate. According to the Syria Central Bureau of Statistics, Deir Ali had a population of 4,368 in the 2004 census.General Census of Population and Housing 2004
Syria Central Bureau of Statistics (CBS). Rif Dimashq Governorate.
Its inhabitants are predominantly members of the Druze community.


History

The town was historically a village known as ''Lebaba'', and contains the archaeological remains ...
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Arab Gas Pipeline
The Arab Gas Pipeline is a natural gas pipeline in the Middle East. It originates near Arish in the Sinai Peninsula and was built to export Egyptian natural gas to Jordan, Syria, and Lebanon, with branch underwater and overland pipelines to and from Israel. It has a total length of , constructed at a cost of US$1.2 billion. History The pipeline has been used intermittently since its inauguration. Egyptian gas exports were reduced dramatically in 2011 – initially due to sabotage (mostly to its feeder pipeline in Sinai), followed by natural gas shortages in Egypt which forced it to discontinue gas exports by the mid 2010s. Sections of the pipeline continued to operate in Jordan to facilitate domestic transport of gas. The pipeline was reversed to flow gas from Jordan to Egypt from 2015 to 2018 (fed by imported LNG through Jordan's Aqaba LNG reception terminal). The recovery in Egyptian gas production has enabled gas to flow to Jordan through the link from 2018. In 2020 th ...
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Enhanced Oil Recovery
Enhanced oil recovery (abbreviated EOR), also called tertiary recovery, is the extraction of crude oil from an oil field that cannot be extracted otherwise. EOR can extract 30% to 60% or more of a reservoir's oil, compared to 20% to 40% using primary and secondary recovery. According to the US Department of Energy, carbon dioxide and water are injected along with one of three EOR techniques: thermal injection, gas injection, and chemical injection. More advanced, speculative EOR techniques are sometimes called quaternary recovery. Methods There are three primary techniques of EOR: gas injection, thermal injection, and chemical injection. Gas injection, which uses gases such as natural gas, nitrogen, or carbon dioxide (CO2), accounts for nearly 60 percent of EOR production in the United States. Thermal injection, which involves the introduction of heat, accounts for 40 percent of EOR production in the United States, with most of it occurring in California. Chemical injection, ...
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