Middle East Economic Survey

VOL. XLVIII

No 39

26-September-2005

SYRIA

PetroCanada Considers Sale Of Its Stake In Al-Furat Petroleum Company

PetroCanada is considering the sale of its 38% stake in Syria’s Al-Furat Petroleum Company (AFPC), but has yet to decide whether it will proceed with a sale, a PetroCanada spokeswoman has told MEES. The spokeswoman said that one reason for considering a sale stemmed from the company’s declining oil production and also the fact that the...