Dozens of foreign firms operated in Syria before 2011 sanctions. Most aren’t planning to return any time soon. But the existence of London-HQ’d  Gulfsands depends on it. 

On 23 April, Gulfsands Petroleum finalized its decision to delist from London’s Alternative Investment Market (AIM) continuing an unending corporate rollercoaster dating back to December 2011, when European Union (EU) sanctions forced it to declare force majeure at its only producing asset,...