Middle East Economic Survey

VOL. LII

No 4

26-Jan-2009

syria

CORRECTION: IPRMEL To Start Drilling In Syrias Block 24 Soon

IPR Mediterranean Exploration Ltd (IPRMEL), a subsidiary of Texas-based independent Improved Petroleum Recovery (IPR), will soon spud a well on Block 24 in Syria. This follows the extension for a period of two years of its production-sharing contract (PSC) with the Syrian Petroleum Company (SPC), effective 29 September 2007 and not as reported earlier (MEES, 24 November 2008)....