• 4 minutes US-backed coup in Venezuela not so smooth
  • 7 minutes Why Trump will win the wall fight
  • 11 minutes Oil imports by countries
  • 13 minutes Maduro Asks OPEC For Help Against U.S. Sanctions
  • 8 hours Climate Change: A Summer of Storms and Smog Is Coming
  • 7 hours Tension On The Edge: Pakistan Urges U.N. To Intervene Over Kashmir Tension With India
  • 8 hours The Quick Read On MBS's Tour of Pakistan, India And China
  • 8 hours Iran Starts Gulf War Games, To Test Submarine-Launched Missiles
  • 7 hours BMW to add 2,000 more jobs at Dingolfing plant
  • 6 hours Teens For Climate: Swedish Student Leader Wins EU Pledge To Spend Billions On Climate
  • 10 hours Saudi A to Splash $100 Bln on India
  • 1 day Itt looks like natural gas may be at its lowest price ever.
  • 1 day Amazon’s Exit Could Scare Off Tech Companies From New York
  • 9 hours Venezuela: Nicolas Maduro closes border with Brazil
  • 3 hours Washington Eyes Crackdown On OPEC
  • 5 hours Indian Oil Signs First Annual Deal For U.S. OilIndian Oil Signs First Annual Deal For U.S. Oil
  • 18 hours NEW FERUKA REFINERY

Russian Firms Favored To Work In Syria’s Oil, Gas Sector

Syrian Oil

Russian companies would be the preferred choice to work in oil and gas production in Syria, according to a member of Russia’s Parliament who had met Syrian President Bashar Assad.

According to Sputnik, which quoted Dmitry Sablin, Assad told a visiting Russian delegation of lawmakers that neither Iran nor China has companies with a worldwide reputation in the oil and gas sector like Russia has. Therefore, Assad “sees only the work of Russian companies”, Sablin said.

According to Sablin – as quoted by Russia’s TASS news agency – Assad had said at their meeting that Syria was ready for direct talks with representatives of all the opposition groups, including armed ones.

Another Russian Member of Parliament, Sergey Gavrilov, told TASS after the meeting with Assad that the Syrian president hoped there would be “serious changes” in many sectors in Syria, including oil and gas production and transportation.

Last week Syrian Prime Minister Imad Khamis claimed that terrorist attacks over the past two months have cost the country’s oil sector a total of US$2 billion. Khamis said the Syrian government was working hard to secure oil production and restore electricity to the minimum level, promising that by the middle of February, consumers will see marked improvement in terms of the availability of electricity.

Related: Putin’s Tough Choice: China Or The West

The government also said it was working to restore production in its agricultural sector, as well as trade, and has begun updating legislation to that effect.

At the beginning of this year, Iran and Syria signed five memorandums of understanding (MoU), one of them related to construction of oil and gas storage facilities and terminals in Syria. The move is said to be an Iranian vow of support for Syrian political initiatives that will help to guarantee independent and territorial integrity.

By Tsvetana Paraskova for Oilprice.com

More Top Reads from Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News