russia -->$2 billion to syria.

  1. dub
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    Russian Company to Build Two Billion Dollar Oil Refinery in Syria

    Minister of Oil and Mineral Resources Ibrahim Haddad on Sunday [6 November] conferred with the director- general of the Russian Trans KazOil Progress Company Pereiv Nizami [name as received] on the Russian company's offer to establish a petroleum refinery in Syria with a capacity of 140.000 bpd.

    The new project will be made according to Investment Law No.10. The Russian company will submit an economic feasibility that takes into consideration all conditions surrounding the project and requirements of crude oil to supply refinery and selling the oil products, resulting from the project, by world process.
    Talks also referred to the possibility for the Russian company to finance another project for developing Banyas Refinery on the Syrian Coast.

    Following the meeting, Minister Haddad told SANA reporter that the Russian company submitted a request to the Investment Bureau to establish this refinery with an amount of 2bn dollars.

    "The refinery will play an important role in developing the oil manufacture in Syria and increasing petroleum products locally manufactured," minister of oil added.

    BBC

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    Source is http://www.champress.net/english/index.php?page=show_det&id=978

    Startling different approach between Russia and the USA to investing in future Mid-Eastern oil supplies, don't you think?

    dub



 
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