Al Furat Petroleum Company (AFPC)

=History=

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.

=Activities=

The AFPC is the main foreign producer consortium operating in the country. As of May 2011, the AFPC was producing around 100,000 barrels per day (bpd) of oil.

=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.

=External Links=

Official Website: www.afpc-sy.com

=References=