Tatneft Operations in Syria

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History

Tatneft became the first Russian oil company to begin geological exploration and production in Syria after winning a tender and concluding a production sharing agreements (PSA) with the Syrian government in 2003.[1]

Activities

Tatneft and Syria's General Petroleum Company (GPC) established a joint venture (JV) named Al Bu Kamal Petroleum Company, which began oil production at the South Kishma field in spring 2010.[1]

In January 2011 the company vowed to spend US $12.8 million drilling wells in Syria near the Iraqi border. [2]

Impact of 2011-12 Unrest

In December 2011 Tatneft suspended its work in Syria due to two powerful bomb blasts in Damascus.[1]

References

  1. 1.0 1.1 1.2 "Tatneft halts oil production in Syria after Damascus blasts" RIA Novosti, 23 December 2011.
  2. "Why Russia is backing Syria" Guardian, 2 December 2011.

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