19 May 2010 11:52 [Source: ICIS news]
Under the deal, CNPC would acquire a 35% interest in Syria Shell Petroleum Development, which is wholly-owned by Shell, CNPC said in a joint statement with Shell.
“Given the current pricing of oil, a lifespan of about 20 or so years for the oil fields and the amount of oil that they produce till then, the estimated worth of the deal is around $1.8bn (€1.5bn),” said Gordon Kwan, head of energy research at Mirae Asset Securities in Hong Kong.
Syria Shell has interests in three production licenses in ?xml:namespace>
“Both parties will look to continue growing and investing in attractive opportunities in
“The deal would also allow them access to further investments in
($1 = €0.82)
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