Middle East Economic Survey


No 22



Croatias INA Makes Third Gas Discovery Near Palmyra

Croatias INA Nafta announced on 20 May it had made a third gas discovery on its Hayan block in the central Palmyra region. The Syrian Petroleum Company (SPC) awarded INA a production-sharing agreement (PSA) for the 4,900sq km acreage in 1998 (MEES, 15 June 1998). The Jahar discovery, with estimated reserves of 15 BCM, follows the August 2003 discovery in the same block. Under the Hayan...