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Wednesday, July 18, 2007

China to help Syria with oil refinery

LONDON — China has agreed to consider a $1 billion oil refinery project for Syria.

The two countries have agreed to plan a joint project to construct an oil refinery in eastern Syria. In the first stage, China would determine the feasibility of the project.

Syrian officials said a contract would be signed after the feasibility study was carried out, Middle East Newsline reported. They said the refinery, financed in part by China National Petroleum Corp., would have the capacity to process 70,000 barrels of crude oil per day.

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"Syria also wants to import Chinese technology to increase production at Syrian oil fields," said Syrian Deputy Prime Minister Abdullah Dardari.

"Oil field cooperation is a crucial component [of cooperation] between Syria and China," he said.

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