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Syria Has No Desire to Fuel Russia’s Ships
Russia will probably have no chance to construct a diesel fuel refinery in Syria. Just a few days ago, Syria, Venezuela and Iran agreed to build an alternative gasoline maker there. Now the Kremlin will probably attempt to settle the problem at political level. The thing is that competitive project affects not only the interests of North-West Oil Group. Russia’s Defense Ministry also needs the enterprise to fuel ships in the region.
Syria, Venezuela and Iran sealed Tuesday a mutual understanding protocol to construct a refinery in Syria. The future enterprise will be producing gasoline and have annual capacity of 7 million tons.
The parties are yet to choose a site for the project. One of the options is Deir Ez Zor, which is eyed by the Russians. Syria's former Minister of Oil Ibrahim Haddad invited Russia’s Creditline that is currently controlled by North-West Oil Group. That $3.575-billion project sets forth construction of a diesel fuel refinery of 6.5 million ton capacity and petrochemical complex there.
North-West Oil Group intended to lure the RF Defense Ministry into the project. The ministry has viewed it as a promising chance to ensure continuous fuelling of combat vessels in Syrian ports of Tartus and Latakia.
Asked about competitive project, the Defense Ministry’s representatives weren’t very eloquent, saying the project of North-West Oil Group hasn’t been rejected so far. “Moscow will work out correct tactics and come off victorious,” they said.
www.kommersant.com
All the Article in Russian as of Nov. 03, 2006
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