Gulf Oil and Gas accountACCOUNT

French Oil Co. Total Suspends Operation in Syria

Source: KUNA 12/5/2011, Location: Middle East

Share |
French oil giant Total announced it was suspending its operations in Syria to be in conformity with European Union sanctions against that country. Total confirmed reports of the suspension but it noted it has a relatively minor operation in Syria via its local partner General Petroleum Corp. (GPC).

The European Union has already decided to halt all imports of Syrian crude oil and has also urged a halt to investment in that country's energy sector. Syria depends on oil exports for about 25 percent of its foreign-earned revenue. The French company indicated that it had informed Damascus of its decision as this is in line with EU policy on Syria.

Unrest in MENA - The New Oil Order

Oil Field Services News in Syria >>

United Arab Emirates >>  11/11/2018 - On behalf of the Abu Dhabi government, the Abu Dhabi National Oil Company (ADNOC) has signed an agreement with French oil and gas major Total, grantin...
Saudi Arabia >>  11/7/2018 - WorleyParsons has been awarded a five-year framework agreement by Saudi Basic Industries Corporation (SABIC), for the provision of engineering, procur...

Israel >>  11/4/2018 - Israel announces the launching of its second bid round to grant exploration licenses for natural gas and oil in Israelís economic waters in the Easter...
United Arab Emirates >>  11/4/2018 - Abu Dhabiís Supreme Petroleum Council (SPC) approved the Abu Dhabi National Oil Companyís (ADNOC) new integrated gas strategy and plans to increase it...

Saudi Arabia >>  10/23/2018 - At the highly impactful Future Investment Initiative (FII) forum in Riyadh, Saudi Aramco signed 15 Memoranda of Understanding (MoUs) and strategic an...
Saudi Arabia >>  10/22/2018 - Seabed Geosolutions (Seabed) and its partner have been awarded a 3D ocean bottom node survey in the Red Sea. The S-79 project will require the acquisi...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Syria Oil & Gas 1 >>  2 | 3 |

More News

 

Oil & Gas Companies in Syria >>


Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.