VOL. XLVI

No 7

17-February-2003

SYRIA

SPC, Zarubezhneft Form Upstream Joint Venture

The Syrian Petroleum Company (SPC) and Russias Zarubezhneft announced on 10 February that they had established a joint-venture company Amrit to carry out exploration and production operations in Syria, Russia and in neighboring countries. The Damascus-based firm will carry out seismic surveys both on and offshore Syria and perform drilling and enhanced oil recovery operations. Amrit will also use Russian...