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News // Oil and gas worldwide

Russia, Syria To Cooperate In Oil And Gas Development

31 January 2005 , 14:00549
Russia and Syria are going to sign agreements on the participation of Russian companies in various Syrian oil and gas projects developing, Russian news agencies reported.

Russian Industry and Energy Minister Viktor Khristenko and Syrian Oil Minister Ibrahim Haddad discussed issues on development of known resources and construction of several pipelines including the Syrian portion of the Pan-Arab pipeline project, according to Interfax news agency.

Another agreement in preparation centered on work by Russia's Soyuzneftegaz and the Syrian Oil and Natural Resource Ministry on exploration and development of two oil and gas deposits in Syria over a 25-year period.
Russian Prime Minister Mikhail Fradkov said after the negotiations with Syrian President Bashar Assad, that Moscow was ready to cooperate with Syria "in every direction," including in facing "new challenges and threats" in the Middle East region.

He said "Russo-Syrian cooperation has a rich history and traditions and we are going to treasure them and hope to broaden them.?

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