Middle East Economic Survey

VOL. LII

No 19

11-May-2009

syria

IPRMEL Discovers Oil In Syria’s Block 24

IPR Mediterranean Exploration Ltd (IPRMEL), a subsidiary of Texas-based independent Improved Petroleum Recovery (IPR), announced on 6 May the discovery of oil with the al-Rashid No 1 exploration well on Block 24 in Syria’s Deir Ez-Zor province, northeast of the Palmyra region. Syrian Minister of Petroleum and Mineral Resources Sufian 'Alaw, who visited the discovery...