SIGNING TWO OIL EXPLORATION DEALS WITH THE RUSSIAN COMPANIES

20 March 2022

-Syrian ‘s parliament has signed,on November 2020 ,two oil exploration deals with the Russian companies Mercury LLC and Velada LLC according to Reuters .

-It is worth noting that the deals cover exploration & production (E & P) activities in three blocks , including an oil field in northeast Syria (block 7 and block 19 ) and the natural gas field (block 23 ) north of Damascus ,according to Syrian Arab News Agency ( SANA ) .

Moreover , companies such as Zarubenzhneft , JSC , Zarubenzhgeologia , STG Engineering and Technopromexport started their survey to explore land and sea energy resources in Syria , with the prospect of gas exploration in the regions of Qara and Al Bureij .

-Syrian’s parliament hopes that these new deals would help boost production