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Sunday, 16 February 2014

Syria's Oil and Gas Reserves

The war in Syria appears to be one over the countries oil and gas resources and its strategic value for a pipeline to export gas to Europe.

Here is Syria's resources:

From http://www.epmag.com/Exploration/Levant-Basin-Holds-Massive-Energy-Potential_125367

Syria, Gaza

Syria is estimated to have discovered proven gas reserves of 8 Bcm (284 Tcf), oil reserves of more than 2.5 Bbbl, and shale gas reserves of 56 Bcm (2 Tcf), with the prospect of more. Exploration and development of Syria’s potential gas resources will have to wait until its civil war is resolved and a stable government is put in place. Meanwhile, the memorandum of understanding signed in July 2012 for the Iran-Iraq-Syria pipeline plan has been put on hold.

The Gaza Marine gas field is 30 km (18.6 miles) off the coast of the Gaza strip, lying in 603 m (1,978 ft) of water. The development has been stalled for years due to disputes between Israel and the Palestinians over the latter’s territorial waters, the absence of clear contracts, and lack of funds. Gaza’s gas reserves are estimated at 31 Bcm (1.1 Tcf) and valued at $5 billion to $6 billion, according to Al-Monitor. Backed by the US, the Palestinian National Authority started discussions with Israel in September 2012 over the development of the field, but no start date has been agreed upon.

See also article: Are Syria and Pakistan Pieces of the Puzzle for Assembling a Mega Gas Pipeline to China?

See also the article: Is the US Playing With Gas in Syria?

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