Russia to Take Part in Restoration of Syria's Oil & Gas Infrastructure

Russia and Syria have signed a memorandum of cooperation in the oil and gas industry. This was announ­ced by Russia’s Head Minister of Energy, Alexander Novak.

According to the Minister, in the near future, Russia will actively participate in the restoration of the oil and gas infrastructure of the Middle East, as well as the exploration of new deposits.

"We have a separate road map, we don’t only look at the electric-power industry, but also oil and gas," Novak said during a press release. "Basically, the restoration of deposits and the development of new one’s are our main goal."

The Minister did not specify which companies will get the right to work on Syrian territory.

Earlier, Syria's oil Minister said that Damascus hopes to attract Russian companies to develop resources in their country.

A lot of work is needed for the social and economic reconstruction of the Syrian Arab Republic. This was announced by the President of the Russian Federation, Vladimir Putin, after talks with the leader of Turkey, Recep Tayyip Erdogan, and Iranian President, Hasan Roukhani.

"We are not ignoring the issue of the social and economic reconstruction of Syria. There is a lot to do, there is a long way to go - in many areas, the infrastructure will have to be created practically from scratch” Putin said.

According to Putin, it is “necessary to help the Syrian people to re-create their infrastructure, and also to revive industry, agriculture and trade, and reopen social facilities - hospitals, schools, kindergartens".

Dimitri Dolaberidze

15 February 2018 18:22