Tanganyika Oil continues negotiations with SPC
The Tanganyika Oil Company has reported that negotiations are ongoing and are at an advanced stage with the Syrian Petroleum Company (SPC) on behalf of the Syrian Government for a major oil development block in northeastern Syria. The Company expects to sign a production sharing agreement in the near future.
The Canadian company’s activities at Egypt’s Hana oil field averaged a daily production during the month of March of 1,700 barrels per day (bpd) of gross field production. — (menareport.com)
© 2003 Mena Report (www.menareport.com)