VOL. XXXIII

NO.18

5-FEBRUARY-1990

Syria

FPC Awards $5Mn Drilling Contract to Hungarian Firm

Al-Furat Petroleum Company (FPC) has awarded a $5mn, two-year contract to aSzolnok subsidiary of the state-owned Hungarian Oil and Gas Trust for drillingoperations in FPC's Dair al-Zur area in northeast Syria. The Hungarian companywill upgrade old wells and drill new ones at locations chosen in the light ofa recent seismic survey. The 30-man Hungarian team is expected to start drillingoperations this month....