Syrian Parliament Approves MOL's Concession Agreement
The Syrian People's Assembly (parliament) has approved the oil and gas exploration and production agreement signed last December with the Hungarian oil and gas company MOL, Syrian officials said in Damascus on 26 February. The agreement covers the 5,000-sq. km. Palmyra East block in the central part of Syria (MEES, 6 January). MOL's exploration obligation is set at $23mn, 8 wells, and 700 kms. of 2D and 200...
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