Homs - Hayyan station for oil and gas processing was opened on Saturday. The station, located west of the city of Palmyra, will process the oil and gas produced by the Hayyan Company fields with a capacity of 600 oil barrels per day and 650,000 cubic meters of clean gas that is ready for use.
Minister of Petroleum and Mineral Resources Sufyan al-Allaw said that the station was completed in record time using local resources with supervision and funding by Hayyan Company, with an overall cost of Euro 30 million.
He noted that Hayyan Company is also working to establish a gas plant at Jahar, which will be completed before schedule during the first quarter of 2011 and will begin work in January 2010. This plant will produce around 3.7 million cubic meters of natural gas and 180 tons of cooking gas.
Al-Allaw pointed out that Syria has large reserves of natural gas, with around 284 billion cubic meters of gas that can be produced, and this amount can increase with new discoveries. He added that the ministry is planning for an annual gas production that ranges between 10 to 12 billion cubic meters.
Syria's oil production is stable at around 380,000 barrels per day, hoping that production will increase in the future due to positive indicators provided by the Syrian Petroleum Company and other companies working in Syria, the minister added.
Regarding prospecting in Syrian territorial waters, al-Allaw said the ministry surveyed around 10,000 square meters in the sea and that there will be an announcement soon on investing 5000 square meters of it.
Hayyan Company is a joint company established by the Syrian Petroleum Company and the Croatian INA Company. It began drilling and production in 2005 at fields discovered by INA.
By H. Sabbagh / Kh. Aridi
© SANA (Syria Arab News Agency) 2009
