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...
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