Damascus Hopes Russian Business to Take Part in Construction, Oil Projects

© AFP 2023 / FABIO BUCCIARELLIDamascus Hopes Russian Business to Take Part in Construction, Oil Projects
Damascus Hopes Russian Business to Take Part in Construction, Oil Projects - Sputnik International
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Syrian authorities hope for the participation of Russian companies in the development of oil fields on the Arab republic’s coast, Syria's Foreign Minister Walid Muallem said Thursday.

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MOSCOW (Sputnik) – According to him, there is a decision to give priority to Russian companies in economic projects in Syria, especially in the construction and oil production.

"We have information that oil and gas deposits on the shelf, on the Syrian coast have enormous potential," Muallem stressed.

A Russian company has already signed a respective contract, and the Syrian authorities expect that other companies will follow suit, since Damascus is ready to provide any benefits to Russian entrepreneurs, he noted.

"We hope that not only Russian warships, but also oil drilling platforms will be present on the Syrian shores," the Syrian diplomat stressed.

In particular, there is information that the oil fields near the northwestern Syrian city of Baniyas could be among the richest in the whole Mediterranean, he outlined.

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