Middle East Economic Survey

VOL. XLVIII

No 50

12-December-2005

SYRIA

Syria Approves PSC With Stratic And Kufpec

Syrian President Bashar al-Asad on 1 December approved the production-sharing contract (PSC) signed on 17 August by the Syrian Petroleum Company (SPC) and Stratic Energy Corporation of Canada and Kuwait Foreign Petroleum Exploration Company (Kufpec), following its ratification by the Syrian parliament on 23 November (MEES, 29 August). The PSC covers Block 17 which has an area of 5,076 sq...