World Tribune.com

Russia signs energy deal with Syria

SPECIAL TO WORLD TRIBUNE.COM
Friday, December 9, 2005

MOSCOW — Russia has been selected to head two natural gas projects in Syria.

Russia's Stroitransgaz has been awarded two gas projects in Syria. The contract includes the construction of a natural gas processing plant and the laying of gas pipeline.

Industry sources said Stroitransgaz, a unit of Russia's state-owned OAO Gazprom, would design and lay a 300-kilometer section of gas pipeline from the Syrian-Jordan border to Rayan, Middle East Newsline reported. This contract was reported at $160 million.

The second award called for Stroitransgaz to construct a gas processing plant near Palmyra. The sources said this contract was worth about $200 million.

Both projects were expected to be concluded by 2008.


Copyright © 2005 East West Services, Inc.

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