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Oil Ministry signs 3 contracts with Russian companies for oil exploration and production during Damascus International Fair


DAMASCUS, (SANA) - The Ministry of Oil and Mineral Resources signed on Thursday three contracts with Russian companies in the field of oil and gas and humiliation


The Ministry of Oil and Mineral Resources signed today three contracts with Russian companies in the field of oil and gas at the stand of the Ministry of Oil at the 61st Damascus International Fair.

The contracts were signed on behalf of the Syrian side by Bassam Tohme, general manager of the General Petroleum Corporation, on the Russian side by the general manager of Velada Olek Kirillov and the general manager of Mercury Dmitry Green Kiev.

"On the sidelines of the Damascus International Fair, we concluded three contracts with Russian companies in the field of surveying, drilling and production in the oil and gas sector in the central and eastern regions," said Oil and Mineral Resources Minister Ali Ghanem, who approved the contracts.

He added that these contracts are the fruit of the Syrian-Russian cooperation in the economic field and the result of the protocol of joint cooperation between the two countries and the road map signed between the Ministry of Oil and Mineral Resources and the Russian Ministry of Energy in 2018.

The general manager of Mercury said that the contract that was signed is for exploration of oil and a large area where it will be drilling later in the places where oil is expected to be located and the area will be constructed and the required infrastructure will be constructed.

In turn, the Director General of the company Velada confirmed that the contract was the result of negotiation and a great effort extended for about six months to reach the final version and said: We are working to develop the economic relationship between the two countries based on the principle of mutual respect between the two parties.

The signing ceremony was attended by Ministers of Economy and Foreign Trade Dr. Mohammad Samer Al-Khalil, the State for Investment Affairs, Faiqa Hosni and the State for Organizations Affairs Salwa Al-Abdullah.

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Source: sena

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