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SYRIA


CAPITAL: DAMASCUS
MONETARY UNIT: SYRIAN POUND
REFINING CAPACITY: 242,140 B/D
OIL PRODUCTION: 510,200 B/D
OIL RESERVES: 2.5 BILLION BBL
GAS RESERVES: 2.5 TCF

Tanganyika Oil Co. Ltd., Calgary, signed a deal with the Syrian government for development of Oude oil field in northeastern Syria.

Tanganyika would expand production from 2,000 b/d to 16,000 b/d or more and would earn a 30% share of incremental production after recovery of shared costs.

The company said the agreement was the first to allow a foreign firm exclusive rights to develop a field administered by Syrian Petroleum Co., the state oil company.

Tanganyika planned to spend $5 million on feasibility studies to determine the best methods of drilling and recovery for the field. Production from the field's 17 wells was shipped to the Mediterranean coast via a 22-in. pipeline.

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