Syria calls for Iran's cooperation in gas and oil investment

Dec 17, 2002 01:00 AM

The two-day conference on investment opportunities in Syria's Gas and Oil Industries opened in a ceremony attended by Syrian Prime Minister Muhammad Mustafa Miro. Over 100 enterprises from various world states, including Iran were participating in the conference.
The Marketing and Contract Manager of Iran's Marine Industrial Co. from the state sector Asadollah Selghi, as well as the Development and Recruitment Manager of Hirbodan from the private sector were representing Iran at the conference. The meeting discussed issues such as the latent potentials of oil and gas in Syria, expansion of the oil-rich Palmira area, restoration of oil wells in central Syria, joint economic agreements on oil and gas production.

Syria's financial and legal regulations, optimisation of its current facilities and the expertise of Shell and TotalFinaElf entrepreneurs in oil and gas exploration in Syria are also on the agenda of the meeting. Syria's Minister of Oil and Mineral Resources, Ibrahim Haddad, addressingthe inaugural ceremony of the meeting, said, the conference is aimed at introducing the ministry's programs on attraction of domestic and foreign investment for the development of Syria's oil and gas industries.
Haddad called on close participation of Iranian oil companies in various sections of Syria's oil and gas industries. On the sidelines of the conference, he told, Syria prefers friendly states to have a more active share in the development of Syria's oil and gas industries. Pointing out that Tehran and Damascus are currently cooperating in the renovation of some Syrian refineries, he underlined that Syria's government will welcome any proposal on gas and oil to be submitted by Iran.

The Syrian minister noted that some proposals of mutual cooperation on the issue will soon be brought up by Miro in Tehran during his upcoming visit. The Syrian prime minister is coming to Tehran in response to the official invitation extended by Iran's First Vice-President Mohammad-Reza Aref to attend the meeting ofIran-Syria Senior Economic Committee.
Stressing the decisive role of oil and gas industries in Syria's economy, he added, "Damascus is determined to boost its national income by developing its oil and gas production."

Source: Islamic Republic News Agency
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