No. 27



Syria Shelves Plans For Upgrade And Expansion Of Refineries

Plans to upgrade and expand the Banias and Homs refineriesat an estimated cost of some $600mn have been shelved by the Ministry of Oildue to low oil prices, according to Syrian Oil Minister Mahir Jamal. Theminister told reporters on 18 June that declining oil prices affected Syria inmuch the same way that they affected other small producing countries and haveforced the country to delay upgrading the...