Russia to Develop Oil and Gas Fileds in Syria

The two countries may soon sign contracts to that effect, Syrian Deputy Prime Minister for Economic Affairs Abdallah al-Dardari said on Saturday.

The two countries are already cooperating in the oil and gas industry, Dardari told reporters in Damascus, citing an April 2007 contract between Damascus and Russian company Stroitransgaz to build a gas refinery in Syria.

He said that agreement was worth about $390 million. -neftegaz.ru