The Syrian Petroleum Company (SPC, ) is a

state-owned State ownership, also called public ownership or government ownership, is the ownership of an industry, asset, property, or enterprise by the national government of a country or state, or a public body representing a community, as opposed to ...

oil exploration and production company. The company was established in 1974. SPC operated fields around Al-Sweidiyeh in the

Al-Hasakah Governorate Al-Hasakah Governorate (; ; , also known as , ''Gozarto'') is one of the fourteen Governorates of Syria, governorates (provinces) of Syria. It is located in the far north-east corner of Syria and distinguished by its fertile lands, plentiful water ...

, including Al-Houla, Shadada, Jbeissa, Sweidiya and Rumailan. In March 2011, SPC produced about 55% of total oil produced in Syria. On 18 August 2011, SPC was put into the United States sanctions list due to the Syrian civil war.

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

’s state-owned

China National Petroleum Corporation The China National Petroleum Corporation (CNPC) () is a major national oil and gas corporation of China and one of the largest integrated energy groups in the world. Its headquarters are in Dongcheng District, Beijing, Dongcheng District, Beij ...

(CNPC) has large stakes in one of Syria's biggest oil companies the Al-Furat Petroleum Company, as well as in a number of Syrian oil fields. India has made two significant investments in Syria in the oil sector in the pre-conflict days. First, an agreement was signed in January 2004 between

Oil and Natural Gas Corporation The Oil and Natural Gas Corporation Limited (ONGC) is an Indian central public sector undertaking which is the largest government-owned oil and gas explorer and producer in the country. It accounts for around 70 percent of India's domestic pro ...

(ONGC) and IPR International for exploration of oil and natural gas in Block 24 near

Deir ez-Zor Deir ez-Zor () is the largest city in eastern Syria and the seventh largest in the country. Located on the banks of the Euphrates to the northeast of the capital Damascus, Deir ez-Zor is the capital of the Deir ez-Zor Governorate. In the 2018 ...

in northern Syria. Second, investments by India's ONGC and China's CNPC to jointly acquire the 37% stake of

PetroCanada Petro-Canada (colloquially known as Petro-Can) is a retail and wholesale marketing brand subsidiary of Suncor Energy. Until 1991, it was a federal Crown corporation (a state-owned enterprise). In August 2009, Petro-Canada merged with Suncor En ...

in the Syrian Al Furat Petroleum Company. The conflict and subsequent sanctions have slowed ONGC's operations in Syria.India Inc moves in Syria as peace returns in war-torn country
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Subsidiaries

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 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 ...

, India's

, and the

. Other subsidiaries are: *Amrit Petroleum Company (50%) *Awda Petroleum Company (50%) *Dujla Petroleum Company (50%) *Hayyan (50%) *Kawkab Oil Company OC(50%) *Deir Ezzor Petroleum Company (50%)

Notes

References

External links

Official site
Oil companies of Syria Government-owned companies of Syria Companies based in Damascus Energy companies established in 1974 Non-renewable resource companies established in 1974 Syrian brands National oil and gas companies {{syria-stub