US company get Syrian oil survey contract

A contract for marine survey in the Syrian regional water was signed in Damascus on Saturday at the Oil and Mineral resources HQ between Syrian Petroleum Company and US Freetas Co.

The contract was signed by Oil and Mineral Resources Minister Haddad and the Syrian Petroleum Company ( SPC ) General Director Ahmad Muaala on the Syrian side, and the vice Ð Chairman of the US company Ian Edwards.

The contract aims at accomplishing the marine survey and gathering the geological information in the Syrian regional waters.

The contract's cost is estimated to $ 4 millions, and Syrian government offers the contracting company exclusive right to the survey.