You are here: Home » PTI Stories » National » News
Business Standard

Russia wants to help Syria relaunch oil production

AFP  |  Moscow 

Russia, the Syrian regime's main backer, plans to help relaunch its which has been devastated by years of conflict, has said.

"We have signed a roadmap, not only in the field of electricity, but also oil and gas, covering the restoration of and the development of new deposits," Kovak was quoted as saying by Russian agencies yesterday.

He did not name any Russian companies that may be involved.

As the main international backer of Syrian Bashar al-Assad's regime, has committed itself to aiding in the country's reconstruction.

Last week an agreement was signed on the "rehabilitation, modernisation and construction of new in Syria" Russia's said on its website.

"We attach great importance to restoring the Syrian economy, especially the sectors which will certainly contribute to the normalisation of the economic and social situation in the country," said Novak.

In December a Russian business and political delegation visited to discuss investment and reconstruction with Assad, including projects but also electricity, phosphates, transport and trade.

"is a land of unlimited riches," Russian Dmitry Rogozin, who led the delegation, said at the time.

"Russian companies have the moral right to develop large-scale economic projects here," Rogozin said then.

intervened in the Syrian conflict in September 2015 in support of Assad.

In December last year, ordered the partial retreat of Russian troops from

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 14 2018. 04:55 IST
RECOMMENDED FOR YOU