Syrian -Russian memorandum of understanding on oil

Syria and Russia Wednesday signed a memo of understanding between the Ministry of Oil and Mineral resources and the Russian Gas Brom Co. in the presence of Oil and Mineral Resources Minister Ibraheem Haddad.

The memo provides for the possibility that the Russian Company participates in the tenders of the Oil Ministry and its subsidiary institutions.

Both sides agreed to act jointly with the Syrian Petroleum Company in developing oil and gas fields inside and outside Syria, and they discussed the possibility to cooperate with the Egyptian-Syrian Company for Oil Services. They discussed also the possibility of exchanging the expertise, technical experiments between the two sides in order to enhance various fields of cooperation.