VOL. XLI

No. 24

15-June-1998

SYRIA

INA Acquires E&P Concession In Syria

Croatia's INA has signed an oil and gas exploration and production agreement withSyria, Mr. Khouchaba Nissan, INA's General Manager in Syria said in Damascus on 8 June.The agreement covers the 4,900 sq. km. Hayan permit in the Palmyra area, about 250 kms.northeast of Damascus. INA will start 2-D and 3-D seismic survey in the near future anddrilling will start in the second half of 1999.