Major energy firms find Syria a bust
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SPECIAL TO WORLD TRIBUNE.COM
Friday, October 28, 2005
Western energy majors have been leaving Syria.
Industry sources said that over the last year, Western oil exploration
firms have been ending operations in Syria. They said the firms have been
disappointed by the failure to find large amounts of crude oil in the Levant
state.
Over the last year, most U.S. energy majors including
Conoco-Phillips, Devon Energy and Exxon-Mobil left Syria, Middle East Newsline reported.
Several additional companies were expected to follow. The sources said
Canada's Petro-Canada as well as its Western partners were planning to
suspend operations at Syria's Kebibe field.
In 2003, the Syrian Oil Ministry
awarded a project to develop Kebibe to Petro-Canada, Royal Dutch Shell and
the U.S. firm Gulfsands Petroleum.
Copyright © 2005 East West
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