VOL. XL

No. 35

1-September-1997

SYRIA

Syria Turns Down Conoco Offer, Seeks Rebid On Dair Al-Zur Gas Project

MEES understands from industry sources that the Syrian Oil Ministry has turneddown Conoco's offer to develop the associated gas reserves of the Dair al-Zur area ineastern Syria. One of the reasons is reportedly Conoco's high rate of return. It has alsobeen suggested that the Syrian Government may be reluctant to conclude a deal with Conocobecause of moves in the US Congress to tighten...