SOURCE: Industrial Info Resources

November 30, 2007 06:20 ET

Syria, Kuwait to Jointly Build $3 Billion Oil Refinery, an Industrial Info News Alert

BEIJING--(Marketwire - November 30, 2007) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Syrian Oil Minister Sufiyan Al-AW announced this month that in order to double Syria's deep refining capability and to be able to process crude oil from neighboring Iraq, Syria is planning to build a $3 billion refinery with Noor Financial Investment Company of Kuwait. Noor Financial will establish a company to exclusively work on the project in Dayr az Zawr Province in eastern Syria. This was the second new refinery construction project announced by Syria within one week.

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