Syrian oil company joins Russian companies in developing the Iraqi al- Qurneh oil fields
Syria-Iraq, Economics, 1/10/2003

The Syrian al-Bayan oil company has expressed readiness to join Russian companies that develop the Iraqi oil fields in al- Qurneh after this contract was withdrawn from the Giant Russian "Look Oil."

The company's director general Muhammad Muhammad Saaed said that his company which is originally working in Iraq "is ready to make a partnership with any Russian official establishment" to execute al-Qurneh west contract.

However, Baghdad had withdrawn back this contract from "Look Oil" because it did not meet its obligations as Baghdad had stated, and then on December 22, 2002 proposed for Moscow to choose an alternative for this company, officially.

Saad said that his company is carrying a contract of 300 million EUROS for drilling oil fields in various parts of Iraq.

Previous Stories:
  Nearby agreement between Iraq, Russia   (8/28/2002)
  Russia - Iraq economic cooperation   (8/27/2002)
  Trade exchange between Syria, Iraq   (8/26/2002)
  Taha Yassin Ramadan in Damascus to strengthen economic ties   (8/22/2002)
  Iraq and Syria signed an agreement for cooperation in the field of industry   (8/12/2002)
  Russian- Iraqi joint committee concludes constructive results   (3/21/2002)

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