LONDON - Gulfsands Petroleum plc announced today the availability of its 2025 Annual Report and Accounts along with notice of its Annual General Meeting scheduled for June 25, 2026, at 11:00 am at 8 Bishopsgate, London.
The oil and gas company, focused on operations in the Middle East and MENA region, reported that major Syria sanctions were lifted in 2025 following the fall of the Assad regime in late 2024 and installation of a transitional government. The United Kingdom, European Union and United States removed sanctions on a step-by-step basis, followed by the repeal of the Caesar Syria Civilian Protection Act by the U.S. Congress in December 2025.
The Syrian Petroleum Company regained control of oil fields in North-East Syria in early 2026, enabling Gulfsands to begin recommencing operations at Block 26 after more than 14 years. On March 10, 2026, Gulfsands management and a Syrian Petroleum Company delegation returned to Block 26. On April 23, 2026, the company’s Joint Operating Company, Dijla Petroleum Company, was reconstituted with a new board including representatives from Gulfsands, Syrian Petroleum Company and Sinochem.
The company stated it is focused on rebuilding Dijla’s capacity and capabilities, initially addressing health, safety, security and environmental issues before working to enhance and increase production through an exploration program.
"We hope that 2026 will be the year when Gulfsands returns to being a full-cycle E&P Company in Syria," said Managing Director John Bell in a statement.
The 2025 Annual Report and Accounts are available on the company’s website and at its registered office. The information is based on a press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
AI computing powers are changing the stock market. Investing.com's ProPicks AI includes dozens of winning stock portfolios chosen by our advanced AI. Our flagship Tech Titans strategy doubled the S&P 500 within 18 months, including notable winners like Super Micro Computer (+185%) and AppLovin (+157%). Which stock will be the next to soar?