By OGJ editors
HOUSTON, May 19 -- China National Petroleum Corp. has acquired a 35% interest in Syria Shell Petroleum Development, previously 100% owned by Royal Dutch Shell PLC.
Syria Shell holds interests in the Deir-Ez-Zor, Fourth Annex, and Ash Sham production licenses, which are operated by Al Furat Petroleum Co. Shell has a 31.25% interest in Al Furat.
The licenses cover 40 oil fields from which Shell’s share of production last year was 23,000 b/d of oil.
Before the transaction, CNPC held interests in the production licenses and in Al Furat through its 50% ownership of Himalaya Energy Syria BV.
