Syrian Petroleum Company
|Industry||Oil and gas|
|Parent||General Petroleum Company|
The Syrian Petroleum Company (SPC, Arabic: شركة النفط السورية) is a state-owned oil exploration and production company. The company was established in 1974. It is a part of the General Petroleum Company.
SPC operated fields around Al-Sweidiyeh in the Al-Hasakah Governorate, including Al-Houla, Shadada, Jbeissa, Sweidiya, Rumailan and Al-Omar. In March 2011, SPC produced about 55% of total oil produced in Syria. On 18 August 2011, SPC was put into the United States sanctions list due to the Syrian civil war.
The Syrian Petroleum Company owns 50% stake in Syria's main oil producer—Al-Furat Petroleum Company. Other shareholders of the Al-Furat Petroleum Company are Royal Dutch Shell, India's Oil and Natural Gas Corporation, and the China National Petroleum Corporation.
Other subsidiaries are:
- Amrit Petroleum Company (50%)
- Awda Petroleum Company (50%)
- Dujla Petroleum Company (50%)
- Hayyan (50%)
- Kawkab Oil Company [KOC] (50%)
- Deir Ezzor Petroleum Company (50%)
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