Medco fails to get a block in Syria
Friday, January 13 2006 - 01:58 PM WIB
Publicly-listed company PT Medco Energi International announced on Friday it had failed in the tender for an oil and gas block in Syria.
?The block was won by a joint venture of Indian and Chinese companies,? company director of business development Rashid I Mangunkusumo said, without providing details.
He said Medco had also proposed to operate several oil and gas fields in Oman, but it had yet to receive approval from the Oman government. (Godang)