Dana Fuel Indicators Landmark MoU to Redevelop Main Fuel Fields in Syria, Together with Abu Rabah

Dana Fuel has signed a Memorandum of Understanding (MoU) with the Syrian Petroleum Firm (SPC) to discover the redevelopment and enlargement of a number of key fuel fields in central Syria  together with the Abu Rabah discipline, one of many nation’s largest.

The settlement marks a big milestone, positioning Dana Fuel as the primary worldwide firm to accomplice with Syria’s nationwide petroleum agency lately. It represents an necessary step in rebuilding Syria’s vitality infrastructure, which has suffered from extended underinvestment and conflict-related disruptions.

Strengthening Syria’s Power Independence

Underneath the MoU, Dana Fuel will perform a complete technical analysis of the designated fields and develop a roadmap to extend pure fuel output. The initiative goals to spice up Syria’s home manufacturing capability and help energy era throughout the nation.

If the evaluation results in a remaining settlement, the redevelopment might play a central function in restoring vitality provide and lowering Syria’s dependence on imported fuels. The Abu Rabah discipline, found within the early 2000s, is thought to be one among Syria’s most promising fuel property.

Richard Corridor, CEO of Dana Fuel, described the signing as a strategic milestone in regional vitality restoration.

“This settlement marks an necessary first step in evaluating alternatives to redevelop Syria’s fuel infrastructure and unlock the potential that exists inside its fuel sector,” Corridor mentioned. “The fields recognized beneath this MoU might make an actual distinction to home fuel manufacturing, strengthening Syria’s vitality safety and supporting native communities.”

Regional Experience and Future Outlook

Dana Fuel plans to leverage its operational success from the KM250 enlargement venture within the Kurdistan Area of Iraq, which was accomplished forward of schedule and beneath finances. The corporate says its expertise in price administration, venture supply, and technical execution might be instantly utilized to the Syrian redevelopment plan.

At this stage, the MoU focuses solely on feasibility research and technical assessments, with no rapid dedication to manufacturing. Nonetheless, if the venture advances, it might considerably improve Syria’s pure fuel provide, stimulate native financial progress, and sign a wider pattern towards regional cooperation in rebuilding vitality infrastructure.