(MENAFN) Syria signed a deal with Russian oil and gas firm SoyuzNefteGaz to prospect for oil off Syria's Mediterranean coast, QNA reported.
The Russian company will finance all costs, estimated at USD90 million.
A spokeswoman for the Syrian natural resources ministry said: "During the first stage, which envisages research and initial prospecting, the contractor [SoyuzNefteGaz] is expected to invest 15 million."
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.