Middle East Economic Survey

VOL. LI

No 19

12-May-2008

syria

Drilling Of First Latakia Exploratory Well Could Begin Soon

Following speculation in the past few months that oil may be present in Syrias main seaport of Latakia on the Mediterranean, the Syrian Minister of Petroleum and Mineral Resources Sufian 'Alaw has issued instructions to the Latakia branch of the state-owned Syrian Petroleum Company (SPC) specifying a location for the first exploratory well to be drilled in the city. According to a...