VOL. XL

No. 30

28-July-1997

SYRIA

Prospect Of Tougher US Sanctions Could Divert Syria From Awarding Gas Contract ToConoco

MEES understands from industry sources that although a letter of intent has beensent to the US firm Conoco regarding the $350mn project to develop the associated gasreserves of the Dair al-Zur fields, it is very possible that Syria may award the contractto a competing non-US firm in view of the momentum of prevailing Congress-driven pressurein Washington to tighten US...