Middle East Economic Survey

VOL. LIV

No 43

24-Oct-2011

syria

Political Turmoil Further Impacts Oil Operations In Syria

Polish independent oil company Kulczyk Oil announced on 17 October that it has suspended its exploration activity in Syrias Block 9 with immediate effect, as a result of deteriorating operating conditions in the country. Loon Lattakia, Kulczyks Syrian subsidiary, began its first exploration in the block with the spudding of the Itheria-1 well in June, but only managed to...