Damascus seeks to reopen the Iraqi oil line; a stock market in 2004
Syria-Iraq, Economics, 9/2/2003

Syria called yesterday for reopening the line to transport oil from Iraq at a capacity of 200,000 barrels daily that was closed by the American forces in April, while the Syrian Minister of Economy and Foreign Trade Ghassan Rifaee said that Damascus which steps towards implementing large scale economic reforms is planning to establish a stock market next year.

In a press statement, Rifaee said "it is logical and useful for Iraq to use this utility especially as it is in need of revenues." He added "that Syria will also benefit but Iraq will benefit more.. this is in the interest of everyone. Coalition forces also have interest in Iraq's stability and an interest in getting revenues it need, not only for reconstruction but for daily expenses."

The Syrian minister said "for our part, Syria is ready and we welcome that, and now the other party has to do the same thing." He continued that Syria welcomes any side authorized to reopen the line and is ready to make an immediate dialogue with it. He said "you have to think of security. When the oil pipeline becomes operational, you can make sure of preserving security of the Syrian side.. This is an important element that should be thought of."

Previous Stories:
  On the Syrian- Iraqi agreement to provide Ninawa with energy   (8/29/2003)
  Syrian trade delegation to head shortly for Baghdad   (8/13/2003)
  Iraqi governor hold economic talks in Syria   (8/11/2003)

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