Middle East Economic Survey

VOL. LIV

No 39

26-Sep-2011

syria

Gulfsands Warns Of Uncertainty In Syrian Production Outlook

Gulfsands Petroleum, operator of Block 26 in Syria, has warned of uncertainties coupled with cost overruns and difficulties of receiving payments as a result of the recently imposed US and EU sanctions on the countrys petroleum sector, in its Half-Yearly Financial Report released on 19 September. The company said in a statement that it attaches the highest possible...