Middle East Economic Survey

VOL. LIV

No 21

23-May-2011

syria

Tunisia’s HBS Awarded Syrian Onshore Block

Syria’s General Petroleum Corporation (GPC) on 17 May announced the award of an exploration license for onshore Block 7 to Tunisian oil company Hadi Bouchamaoiu and Sons (HBS). Block 7 is one of eight areas offered in an international bidding round launched in March 2010, covering a total acreage of 74,000 sq km, which are to be developed on a production sharing contract...