VOL. XL

No. 30

28-July-1997

SYRIA

US-Syrian Joint Venture Lube Plant Inaugurated In Syria

Syria's Oil Minister Mahir Jamal inaugurated on 21 July a 70,000 barrel/year lube oilplant owned 51% by the Syrian private firm Alimco and 49% by the US firm Mobil. The $2.9mnplant, located at Adra some 20 kms. northeast of Damascus, will start productionimmediately with the aim of meeting domestic and regional demand for industrial andautomotive lubes. Alimco has another joint venture with Nestle...