Syria: New oil discovery announced
The Egyptian-American IPR company announced Wednesday oil discovery in al-Rashid well 1 in Der Ezzor, Syria. According to SANA news agency, Syria's Petroleum and Mineral Resources Minister, Sufian al-Alaw conveyed, during his visit to the exploration site, that the current production of the well is 1450 BPD.
The minister said that the company has vast areas in two other regions and will start its excavation there. Al-Alaw voiced his hope that the company as well as other foreign companies will achieve other explorations and help boost Syria's decreasing oil production levels.