Gulfsands Petroleum claims to be owed $25m

Gulfsands Petroleum, the oil and gas company with significant interests in Syria, has said it is owed around $25m, half of the sum the firm claims is owed to Sinochem, the contractor and working interest partner of Block 26 in Syria.

Gulfsands Petroleum, the oil and gas company with significant interests in Syria, has said it is owed around $25m, half of the sum the firm claims is owed to Sinochem, the contractor and working interest partner of Block 26 in Syria.

Last year Gulfsands declared force majeure on Block 26 production operations in response to the tightening of EU sanctions against Syria.

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