Middle East Economic Survey

VOL. XLIX

No 1/2

2/9-January-2006

SYRIA

Russian Company Signs MOU To Build $2.7Bn Oil Complex In Syria

Syria’s Minister of Petroleum and Mineral Resources Ibrahim Haddad has signed a memorandum of understanding (MOU) with the Russian Company for Investment Credit Line for the construction of a $2.7bn complex consisting of a 140,000 b/d refinery and 1.6mn tons/year petrochemical plant in Deir Ez-Zor. The MOU stipulates that the Russian company will...