Middle East Economic Survey

VOL. LIII

No 21  

24-May-2010

SYRIA

CNPC Acquires 35% Interest In Shell’s Syria Subsidiary

State-owned China National Petroleum Corporation (CNPC) announced on 19 May that it had concluded an agreement with Shell to acquire a 35% interest in the latter’s 100% owned upstream subsidiary Syria Shell Petroleum Development (SSPD). The latter has interests in three production licenses in Syria – Deir Ez-Zor, Annex 4 and Ash-Sham –...