Russian Ambassador Azmatullah Kulmohammadov, left, and Syrian Oil Minister Suleiman Abbas during an oil-agreement signing ceremony Wednesday in Damascus, Syria. (SANA / December 25, 2013)
Syria Signs Offshore Oil And Gas Exploration Deal With Russia -- RT
Damascus has signed a major oil and gas deal with Russian company Soyuzneftegaz which allows for offshore drilling, development, and production to take place in Syria’s territorial waters for the very first time.
The deal permits the exploration of 2,190 square kilometers in the Mediterranean. The costs, which are estimated at around US$90 million, will be covered solely by Soyuzneftegaz.
The contract covers oil exploration in Block no. 2 of Syria's territorial waters, which stretches between the cities of Tartous and Banyas.
Oil Minister Suleiman Abbas said during the signing ceremony that the contract covers “25 years, over several phases.”
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More News On Syria Signing A Gas And Oil Exploration Deal With Russia
Syria Signs Oil Exploration Deal With SoyuzNefteGaz -- RIA Novosti
Syria signs offshore oil deal with Russian firm -- France 24
Russian firm signs 25-year energy deal with Syria -- L.A. Times
Report: Syria signs oil exploration deal with Russian firm Soyuzneftegaz -- FOX News/AP
Syria rewards Russia with an oil deal -- Ya Liban
My Comment: I guess the Russians want to be paid for the weapon systems that they have delivered.
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