Middle East Economic Survey

VOL. LIII

No 50

13-Dec-2010

syria

Syria And Venezuela Sign MOU To Speed Up Furqlus Refinery

Syria and Venezuela on 3 December signed a memorandum of understanding (MOU) on procedural measures for the implementation of a 140,000 b/d joint venture refinery project at Furqlus, near the Syrian city of Homs. The project, first launched in late 2006, is a joint venture between Syria (15%), Iran (26%), Venezuela (33%), and the al-Bukhari Group of Malaysia (26%...