According to Shell and China National Petroleum Corporation (CNPC) reached an agreement, a wholly owned subsidiary Shell Oil received - Syria Shell Petroleum Development Company (Shell Syria) 35% interest, Shell now owns 100% interest in the company . Syria Shell have interests in three production licenses, including Deir ez-Zor (Deir-Ez-Zor), the fourth annex (Fourth Annex) and Northern (Ash Sham), from the Euphrates Oil Company is responsible for operations (Shells interests in 31.25 %).
Three production licenses, including about 40 oil and gas fields, daily production by 2.3 million barrels of oil in 2009 equivalent (Shell share). Shell has a long history in Syria, the business began in the 20th century 40s, and was 25 years ago to become the Euphrates oil company shareholders.
Chinese oil companies had been through the Himalayas Syria acquired 50% stake in three production licenses and Euphrates in the interests of oil companies.
The agreement further strengthens Shell and the Chinese oil partnerships. The two sides will continue to find attractive in the Syrian upstream oil and gas investment projects. |
