19 May 2010
(MENAFN) China National Petroleum Corporation (CNPC) announced that it had concluded an agreement with Shell to acquire a 35-percent stake in Syria Shell Petroleum Development (SSPD), Reuters reported.
SSPD has interests in three production licenses: Deir-Ez-Zor, Fourth Annex and Ash Sham that are operated by the Al Furat Petroleum Company (AFPC), in which Shell has an interest of 31.25 percent, said a statement released by CNPC.
The agreement strengthens the partnership between Shell and CNPC. Both parties would look to continue growing and investing in opportunities in Syria’s upstream industry, said the statement.
The licenses cover 40 oil fields, in which Shell had a share of 23,000 barrels oil equivalent per day last year.
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more