Middle East Economic Survey

VOL. XLVIII

No 15

11-April-2005

SYRIA

Canadas Stratic Energy Signs PSA With Syria

Canadas Stratic Energy Corporation says that in February it signed a production-sharing agreement (PSA) with the Syrian government for exploration and production rights on offshore Block 17. It covers an area of 5,076 sq km, and contains a number of significant petroleum traps in the little explored southern limits of the Palmyra fold belt. Stratic, over an initial exploration period of...