Phosphate Exports Increase by Over a Quarter in 2015

Minister stresses the need to expand excavation and production, complete the construction of unfinished gas plants, and operate refineries at optimum efficiency

Phosphate exports have increased in the first half of 2015 with exports reaching 568,000 tons, valued at $64 million, Petroleum and Mineral Resources Minister Suleiman al-Abbas said.

Compared to the first quarter of 2014, this marks an increase of 153,000 tons in exports valued at $33 million, Abbas said during a meeting for the ministry’s investment and production plan.

During the meeting, the minister stressed the need to expand excavation and production, complete the construction of unfinished gas plants, and operate refineries at optimum efficiency.

Oil produced in Syria during the first half of 2015 for delivery to the Homs refinery amounted to 8.1 million barrels at an average rate of 9,934 barrels per day, while around 827.2 billion cubic meters of natural gas was produced at a daily average of around 15.6 million cubic meters.

Around 251.2 billion cubic meters of gas was allocated to the Electricity Ministry, 279 million to the Petroleum Ministry, and 113 million to the Industry Ministry.

A report produced by the ministry showed that around 882.1 million tons of crude materials were processed at the Homs and Banyas refineries, while petroleum products amounted to 862.1 million tons, 859.1 million tons of which were sold, with overall sales of petroleum products and cooking gas amounting to around SYP 620.2 billion.

Finally, raw materials for construction and industrial purposes were valued at SYP 932 million, including 644,000 tons of phosphates valued at SYP 171.1 billion, were also traded in the first half of 2015.

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