Middle East Economic Survey

VOL. LIII

No 5

1-Feb-2010

SYRIA

Gulfsands To Begin Yousefieh Oil Production In April

Gulfsands Petroleum has been granted approval to develop the Yousefieh oil field on Block 26 in the northeastern tip of Syria. The firm was granted a production license for the field with duration of 25 years by Syrias state-owned General Petroleum Corporation, with a possible 10-year extension, the company announced on 26 January. We are delighted to have received the...