Al Furat Petroleum Company (AFPC)
The Al Furat Petroleum Company (AFPC) was founded in 1985 and is based in Damascus, Syria.
The company is a joint venture (JV) between state-owned General Petroleum Corporation (GPC) and its international partners Syria Shell Petroleum Development (SSPD), a subsidiary of Shell, and Himalaya Energy Syria BV, itself a joint venture between Indian ONGC and Chinese CNPC.
|Himalaya Energy Syria||18.75%%|
Impact of Unrest 2011-12
In December 2011 the European Union announced that it had widened its sanctions on Syrian oil companies, to include Al Furat. This forced several international partner companies, including Shell to cease operations in the country.
Official Website: www.afpc-sy.com
- “Company Overview of Al Furat Petroleum Company” Bloomberg, retrieved 15 March 2012.
- “Investments of European companies in Syria” IKV Pax Christi, 13 May 2011.
- “Factbox: Syria's energy sector” Reuters, 14 August 2011.
- “Shell to quit Syria after EU extends sanctions” Financial Times, 2 December 2011.