Saturday, 24 February, 2018, 6:19 AM
Home Business

Russia wants to help Syria relaunch oil production

Published : Wednesday, 14 February, 2018 at 10:59 PM Count : 136

 

Russia, the Syrian regime’s main backer, plans to help Damascus relaunch its energy industry which has been devastated by years of conflict, Energy Minister Alexander Novak said Tuesday.

 

“We have signed a roadmap, not only in the field of electricity, but also oil and gas, covering the restoration of oil fields and the development of new deposits,” Kovak was quoted as saying by Russian news agencies, AFP reports.

 

He did not name any Russian companies that may be involved.

 

As the main international backer of Syrian President Bashar al-Assad’s regime, Russia has committed itself to aiding in the country’s reconstruction.

 

Last week an agreement was signed on the “rehabilitation, modernisation and construction of new energy facilities in Syria” Russia’s energy ministry said on its website.

 

“We attach great importance to restoring the Syrian economy, especially the oil and gas sectors which will certainly contribute to the normalisation of the economic and social situation in the country,” said Novak.

 

In December a Russian business and political delegation visited Damascus to discuss investment and reconstruction with Assad, including oil and gas projects but also electricity, phosphates, transport and trade.

 

“Syria is a land of unlimited riches,” Russian Deputy Prime Minister Dmitry Rogozin, who led the delegation, said at the time.

 

“Russian companies have the moral right to develop large-scale economic projects here,” Rogozin said then.

Russia intervened in the Syrian conflict in September 2015 in support of Assad.

 

In December last year, President Vladimir Putin ordered the partial retreat of Russian troops from Syria.

 

GY

 

 



« PreviousNext »



Latest News
Most Read News
Editor : Iqbal Sobhan Chowdhury
Published by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka.
Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000. Phone :9586651-58. Fax: 9586659-60, Advertisement: 9513663
E-mail: info[at]dailyobserverbd.com, news[at]dailyobserverbd.com, advertisement[at]dailyobserverbd.com,   [ABOUT US]     [CONTACT US]   [AD RATE]   Developed & Maintenance by i2soft