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Syria signs up US exploration firm
- Syria: Wednesday, May 10 - 2006 at 07:53
Syria has signed a $127m gas and oil exploration agreement with US-based Marathon Oil, according to Syria's official news agency SANA. Under the 25-year deal, Marathon Oil will develop oil and gas fields, Al Shae'r and Al Sharyfah, 162 km north-west of Damascus. Marathon hopes to extract 2m cubic metres of gas and 5,000 barrels of oil per day.
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James McInerney, News EditorWednesday, May 10 - 2006 at 07:53 UAE local time (GMT+4)
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This article was updated on Sun Jun 17 2007.
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