Industry Oil and gas Website www.spc.com.sy Founded 1974 | Products Petroleum Type of business State-owned enterprise | |
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.
Subsidiaries
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: