Syrian Oil and Gaz News

600 companies entered foreign Syrian oil sector in five years

A report issued by the Syrian Commission for investment on the ratios of direct foreign investment in Syria showed the increasing rates of foreign direct investment in Syria during the year 2008-2009 with up to about 1467 projects.

 

 

oil sector ranked first in terms of the nature of economic activity, which reached the number of foreign companies operating in Syria to more than 600 companies in one year after it was less than (100 companies) in 2005,

The total foreign investment projects does not exceed 320 to 583 in the years 2004-2005, respectively, to jump to 1241 during 2006-2007, as the size of investments under Law No. 10 reached to 250 projects.