VOL. XLVII
No 04
26-January-2004
SYRIA
Syrias SPC Awards Block 24 To US, Indian Consortium
The Syrian Petroleum Company (SPC) and the Ministry of Petroleum and Mineral Resources signed a production-sharing agreement (PSA) on 15 January for Block 24 covering the Raqqa and Dair Al-Zur areas with a consortium comprising Indias Oil and Natural Gas Corporation (ONGC) and Texas-based Improved Petroleum Recovery Group (IPR). Under the agreement, the foreign partners must spend $7.5mn over the first...
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