Middle East Economic Survey


No 9



Tanganyika Oil Company Announces $206Mn Capex Budget For Syria In 2008

Tanganyika Oil Company on 15 February announced a capital expenditure budget of $206mn for its operations in the Syrian oil fields of Oudeh and Tishrin in 2008. The company said that 71% of the capital budget would be allocated to the drilling effort and six rigs would be available for drilling in Syria by the end of the first quarter of 2008, with the focus on...