Middle East Economic Survey

VOL. LIII

No 38

20-Sep-2010

SYRIA

Kulczyk Oil Sells 30% Interest In Syrias Block 9

Kulczyk Oil has announced that MENA Hydrocarbons (Syria) agreed to acquire a 30% interest in Block 9 in Syria, under an agreement reached with Loon Latakia, a wholly-owned subsidiary of Kulczyk. According to a company statement issued on 6 September, the agreement stipulates that MENAs acquisition of the stake in Block 9 will be against the repayment to Kulczyk of 30% of approximately...