Middle East Economic Survey


No 25



Kulczyk Oil Reviews Exploration Of Syrias Block 9

Kulczyk Oil, which was formerly known as Loon Energy of Canada, on 9 June announced plans for the exploration of Block 9 in northwestern Syria. Kulczyk owns a 100% interest in a production sharing contract (PSC) signed in September 2007 with the Syrian Petroleum Company (SPC) and the Syrian Ministry of Petroleum and Mineral Resources. Under the terms of the PSC the Canadian company...