Middle East Economic Survey

VOL. LIV

No 36

5-Sep-2011

syria

Syria Looks To China To Replace European Oil Companies If Necessary

The General Manager of Syrias General Petroleum Corporation (GPC) 'Ali 'Abbas has played down the negative effects so far from sanctions on his countrys petroleum industry and stated that in the event of the withdrawal of European oil investments from Syria, Chinese companies would step in to acquire the assets of the European companies and expand their presence in...