Shell/Deminex Acquire New Concession In DairAl-Zur Area
Shell and Deminex have acquired a new concession in the Dair al-Zur area ineastern Syria. The block, to be known as Zenobia, covers an area of about 350 sq. kms. in theEuphrates valley where the two companies have made several major discoveries in the past decade. Al-FuratPetroleum Company (AFPC) - owned 50% by the state-owned Syrian Petroleum Company (SPC),33.35% by Shell and 16.65% by Deminex - is producing...