Getting Syria-ous About Oil

Via Bloomberg, a report that Syria’s government has offered 74,000 square-kilometers of land, or 40 percent of the country, to international oil and gas companies for exploration.  According to the article:

“…In addition to new exploration on the land, the ministry is seeking the restoration of old wells where production ceased in the past several years, the newspaper reported.

About 10 oil companies are currently exploring sites in Syria, including Royal Dutch Shell Plc and PetroCanada, although production is yet to start, the newspaper said.”

This entry was posted on Sunday, July 11th, 2010 at 1:05 am and is filed under Syria.  You can follow any responses to this entry through the RSS 2.0 feed.  Both comments and pings are currently closed. 

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Wildcats & Black Sheep is a personal interest blog dedicated to the identification and evaluation of maverick investment opportunities arising in frontier - and, what some may consider to be, “rogue” or “black sheep” - markets around the world.

Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.