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AIM-listed Gulfsands Petroleum seems well positioned to capitalise on Syria and Iraq’s political re-awakenings. Listed on London’s Alternative Investment Market, Mayfair-based Gulfsands Petroleum’s share prise rose by 2.7% on 24 April to £2.02 on news that its Khurbet East Field on Block 26 in Syria was larger than expected.

Russia's Stroytransgas plans to add 8m m3/d to production capacity from fields in central and northern Syria. The Abu Rabah gas field came

Straitened economic times and the fall in oil prices are putting a strain on the development of Syria’s oil and gas sector. IOCs are cutting back on investment and licensing rounds have proved disappointing. But recent changes in the Ministry of Petroleum’s organisational structure show the government is thinking seriously about making its prospects more attractive to investors.

The past month has seen the Syrian government busy with meetings with Jordan, Saudi Arabia and US officials - meetings that could help bring Syria back in from the cold. In early March, US envoys Jeffrey Feltman and Daniel Shapiro were in Damascus for talks with Syrian Foreign Minister Walid Moallem and President Bashar Al-Assad's advisor .....

A new briefing paper from the International Crisis Group asks: How is one to engage Damascus? France's recent experience offers useful lessons for an incoming US administration

No longer a global market leader for trade financiers, Iran has joined Iraq and Syria is in a difficult market for bankers to do business within the GSN area. “For banks, Syria will be the easiest of these three to do, but banking markets are pretty well shut for the rest of the year,

As its cautious economic reform continues, Syria is showing potential for foreign investment, shown by Virgin Megastores and Carrefour’s plans to open in Aleppo in 2009. But declining oil production pulled GDP growth down to 4% in 2007, according to the IMF’s most recent Article IV report. This noted that “private banks appear to be well capitalised”, while credit to public enterprises,