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Gold/Mining/Energy : TYK (VSE) Tanganyika Oil -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (291)	8/3/2000 6:57:54 AM
From: Tomas	Read Replies (2) \| Respond to of 500

Syria Plans to Double Gas Production by 2005 DAMASCUS, August 2 (Reuters) - Syria expects its natural gas production to nearly double by 2005, Oil Minister Mohamed Maher Jamal told Al-Hayat newspaper. Jamal said he expected gas production to increase to 24 million cubic metres (mcm) in 2005, compared to around 13 mcm produced currently. He also said Syria was planning to produce 29 million tonnes of crude oil in 2000(around 600,000 bpd) of which about 12 million tonnes would be available for export. ‘What is important is to increase the oil reserve that could be produced and that could help us lift output between 10 and 30 per cent,’ the minister said. ‘Our gas output would increase gradually because new projects will start the producing phase and the fields we have discovered will be developed. It would reach about 24 mcm in 2005, but that also depends on carrying out projects on time.’ Syria's current oil and gas reserves would enable the country to continue producing for another two decades at least, said Jamal. ‘According to our currently available oil and gas reserves, there are studies that suggest Syria could produce gas and oil until 2020,’ Jamal said. Syria is planning to build its third oil refinery with a capacity of 140,000 bpd and could produce about seven million tonnes per year of oil products, he added. A further project is transporting about three mcm of gas per day to Lebanon to be used for electricity generation.