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Petroleum / Mining in Syria

  • Oil rises above $106 a barrel on Syrian crisis

    SYRIA, 2013/08/28 The price of oil rose above $106 a barrel Tuesday next a U.S. official said there was strong evidence that Syria used chemical weapons against civilians, a sign that Washington may be considering a military strike against President Bashar Assad's regime. U.S. benchmark crude for October delivery was up 34 cents to $106.26 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The arrangement fell 50 cents, or 0.5 %, to close at $105.92 on Monday. The price of oil has risen about 15 % in the completed three months on concern that unrest in Egypt and civil war in Syria could disrupt production and exports, particularly in Libya and Iraq. It has as well raised the specter of spreading violence that could block significant supply routes.

  • The Syrian Ministry of Economy and Foreign Trade

    SYRIA, 2013/03/11 The Syrian government is doing its utmost to meet its people's need of oil derivatives, mainly diesel fuel which is a staple for most Syrians in heating, and is presently cooperating with foreign companies to fill the shortage.  According to a statement published by the local al-Eqtissadi Website, the Syrian Ministry of Economy and Foreign Trade has asked the Office of Oil Marketing to provide it with quantities and specifications of crude oil to be exported and a timetable for the handover process.
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