Syria has signed a memorandum of understanding (MOU) with a Russian company for the construction of a US$2.7 bln refinery and petrochemical plant in Deir-ez-Zor, to be completed in five years.
The project will be built on a BOT basis licensed according to Investment Law N°10. Syria is to take full control of the facility after 25 years, earning part of revenue ranging from 15%-60% in the interim.
10-Jan-06 
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