As the Syrian Civil War approaches its 10-year anniversary, UK-headquartered firm Gulfsands Petroleum is eagerly awaiting the lifting of sanctions on the Assad government, allowing the once-listed now-private firm to re-enter and take back production at its 20,000 b/d Block 26 asset in northeast Syria, the firm’s only significant asset.

The firm “turned a significant corner in 2019, putting to bed many of the legacy issues in its portfolio, and is now able to focus almost entirely on its world class assets in Syria: protecting and preserving its rights and preparing for a return to operations,” it said in its annual report released earlier this month. (CONTINUED - 700 WORDS)