Syria, Russia sign $2.7 b. deal for oil refinery

By
December 27, 2005 15:33

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Syria has signed a US$2.7 billion memorandum of understanding with a Russian company for construction of a refinery and petrochemical plant in northeast Syria, the official Syrian news agency reported Tuesday. The project, to be completed in five years, would be built in Deir Ezzor province, 458 kilometers, (286 miles) northeast of Damascus. The petrochemical plant would have an annual capacity of 1.6 billion liters (430 million gallons) of gasoline. The refinery would produce about 140,000 barrels of refined product daily. An estimated 2,000 jobs eventually would be created, SANA reported. Syria would take full control of the facility after 25 years, earning part of revenue ranging from 15 percent to 60% in the interim.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Syrian Democratic Forces and U.S. troops are seen during a patrol near Turkish border in Hasakah, Sy
December 11, 2018
American influence over Syrian peace process waning

By VICTOR CABRERA/THE MEDIA LINE