Tatneft Operations in Syria

=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.

=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.

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

=Impact of 2011-12 Unrest=

In December 2011 Tatneft suspended its work in Syria due to two powerful bomb blasts in Damascus. =References=

