INA, MOL and Syrian Petroleum Company discuss reactivating INA’s Syria operations
- A joint technical team is evaluating operational, technical, commercial and regulatory feasibility for resuming operations.
- By 2011 production reached 37,300 barrels of oil equivalent per day; operations were suspended in 2012 after roughly $1.1 billion invested.
- Delegation inspected the LNG terminal on Krk island and held a working meeting with the Ministry of Economy.
- Experts noted the Hayan gas field has an existing gas processing plant and will define technical and safety prerequisites plus a strategic roadmap for reactivation.
Purpose of talks
INA and MOL hosted a three-day delegation from the Syrian Petroleum Company to evaluate options for re‑activating INA’s oil and gas operations in Syria; a joint technical team is assessing feasibility across operational, technical, commercial and regulatory dimensions.
Delegation and meetings
The SPC delegation was led by CEO Yousef Qiblawy and included Zuhair Sawwan (Director of Development and Exploration) and Hisam Suleymanelsalih (Vice President of Gas Development); meetings were held at MOL and INA headquarters and with the Croatian Ministry of Economy.
Site visits and infrastructure
Delegates inspected the LNG terminal on Krk island to review supply routes and infrastructure; the Hayan gas field’s gas processing plant was noted as existing infrastructure relevant to any reactivation plans.
Technical assessment and next steps
On May 6 the joint expert team reviewed initial findings on field and infrastructure conditions since operations ceased; the team will define technical and safety prerequisites and produce a strategic roadmap for potential reactivation.
Historical context
INA’s Syrian portfolio previously produced about 37,300 barrels of oil equivalent per day by 2011; operations were suspended in 2012 after approximately $1.1 billion of investment, including the Hayan gas processing facility.
Source: MOL Group