Oil Minister: Three signed contracts to export large quantities of Syrian oil .. There are talks with more than 50 companies and merchant interested to reach agreements on the export of additional quantities of oil

Oil Minister Sufian Allaw the ministry has signed three contracts for the export of large quantities of Syrian oil which will start next month.

The oil minister said during a press conference held today in the oil ministry .. there were discussions with more than 50 companies and merchant and is interested to reach agreements on the export of additional quantities of Syrian oil despite U.S. and European inhuman sanctions on the import of Syrian oil, referring to the presence of delegations currently in Syria to discuss this topic.

The minister pointed to the existence of some difficulties, which the Ministry seeks to overcome facing the export process towards the transfer of oil tankers and to secure the opening the financial credits, insurance and reinsurance on these carriers.

Allaw added that the production of Syria’s oil before the ban of EU and the U.S., Syrian oil exports was 385 thousand barrels per day 245 thousand barrels of which refined in the refineries of Homs and Banias, and exported 140 thousand barrels pointing out that the Ministry of Oil has reduced the production of national companies and companies operating in Syria as a result of the ban and will increase production with the start of the implementation of the oil export contracts that were signed.