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)
