Russia's Stroytransgaz has proposed constructing an oil refinery and petrochemicals plant in Syria at an estimated cost of $2 billion in talks between the two. Stroytransgaz plans to carry out a feasibility study for a 140,000 bpd refinery.
Syria is a non-OPEC oil producer and currently has two state-owned oil refineries with a combined output capacity of 250,000 bpd. Sources estimate Syria's crude oil production capacity at about 400,000 bpd with exports of about 250,000 bpd including refined oil products.
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