- Syrian Petroleum Co. targets crude output of about 250,000 barrels a day by the end of 2027, up from about 110,000 barrels a day currently.
- The state-owned company plans to ramp up oil refining and invest in existing fields to achieve the increase.
- Syrian Petroleum aims for further expansion by the end of the decade if exploration efforts are successful.
- Foreign operators are returning to Syria as the company pursues production growth.
Quotes
“The company expects oil output to increase to about 250,000 barrels a day by the end of 2027 from about 110,000 barrels a day now by investing in existing fields, Qiblawy said in an interview.”