Block XII, 6,702 sq km in the Syria-Iraq border, was reportedly granted to the Iranian govt. An initial agreement on such had been reached in February, now ratified. The new block lies south of Al Furat and Deir Ez Zor acreage, currently under force majeure. Any revenue derived from production in this block would be used to pay Iran back for the credit under which Syria has imported Iranian oil since 2013.
Block XII, 6,702 sq km in the Syria-Iraq border, was reportedly granted to the Iranian govt. An initial agreement on such had been reached in February, now ratified. The new block lies south of Al Furat and Deir Ez Zor acreage, currently under force majeure. Any revenue derived from production in this block would be used to pay Iran back for the credit under which Syria has imported Iranian oil since 2013.