Tanganyika Oil Company Ltd.* is a growing international oil company with 100% participating interests in two Syrian Production Sharing Contracts. The Company has recently entered the Field Development Phase on both Syrian PSAs. Joint Operating Companies have been established, in partnership with the Syrian Petroleum Company, to conduct all field development operations.

On December 19th, 2008, Tanganyika became a wholly-owned subsidiary of Sinopec International Petroleum Exploration and Production Corporation (“SIPC”). SIPC is a wholly owned subsidiary of China Petrochemical Corporation ("Sinopec Group") and undertakes overseas investments and operations in the upstream oil and gas sector. Sinopec Group is China's largest producer and supplier of oil products and major petrochemical products. Prior to being acquired by Sinopec, Tanganyika was publically listed with shares trading on the Toronto Stock Exchange and Depository Receipts trading on the Nordic exchange.

Tanganyika currently employs over 450 employees in its Syrian heavy oil operations which are aimed at increasing oil production by applying enhanced oil recovery techniques. Gross oil production has been consistently increasing and is averaging in excess of 23,000 bopd. Six drilling rigs and ten mobile steam generators are currently active in Syria. Extensive development and appraisal activities are planned for the next several years, with a 2009 capital budget in excess of $406 Million.

Tanganyika is currently actively recruiting expatriate personnel to join the development team. For a detailed list of positions which we are currently recruiting form, please go to the Careers page of the website.

If you are interested in additional information on the Sinopec Group, please visit their website http://english.sinopec.com.
Additional information regarding Tanganyika is available at www.sedar.com.

For additional information on Syria, please visit the following website:
www.syriagate.com