Economic Researcher: Europe sanctions are harmful… but it will not cripple economy
Options Are still open for Syrian oil, despite the European sanctions on its import, inside the continent, so that this oil can find other markets despite that the costs of this trade will increase and will reduce profits. Syrian economist Researcher Nabil Sukkar, believes that these sanctions «will not cripple Syrian economy but it will weaken their going forward »especially in light of the problems facing the economy in general.
Energy expert Dr. Ziad Arbash Said in a statement: The impact of European sanctions on the oil sector in Syria is relatively simple, because the international market is open in front of us.
former oil minister, Dr. Matanius Habib Reduced of the repercussions of the ban on the import of U.S. on Syrian oil after being assured that the United States does not import oil from Syria..jpg)
Oil and Mineral resources Minister Eng. Sufian Allaw said that the technical committees completed the first phase of the international tender for oil exploration, development and production in eight blocks, covering about 40 percent of the area of Syria announced by the Oil Ministry and the General Organization of Petroleum last March.
Minister of Oil and Mineral Resources Eng. Sufian Allaw said that imports of gas has stopped since Saturday because of the blast, which targeted the Egyptian gas pipeline that extends to several countries in the region until the rehabilitation of the line.
. Russian companies operating in the energy sector have good presence in Syria, where it is represented in the establishment of power stations and gas plants where the company Story transgas Russia is building the largest factory in Syria for the Middle East, in addition to the implementation of the Arab gas pipeline in most Syrian territory.
Dr. Kawkab Assabah Daya Secretary of State for Environmental Affairs said that” a lasting solution to the problem of oil pollution in the area of Ein Taban and all the problems of pollution in the province of Hassake and eliminate and not just ambulatory solutions become an urgent necessity. “
Abbas Naqi Secretary-General of the Organization of Arab Petroleum Exporting Countries “OAPEC” said The scientific symposia and workshops accompanying the exhibition VII of the oil and gas are opportunities to exchange experiences and to enhance the cooperation of companies competent in the areas of exploration, especially in light of the increasing global demand for oil and gas.
Oil Minister Sufian Allaw said that development of Banias refinery project, is a prepared project since 2000 and its studies have been prepared since 2004, aims to increase the white products (diesel and gasoline) at the expense of black fuel oil derivatives and others.
