PetroCanada buys into US firm's Syria project (Sanctions don't stop oil)

[Tom Yossarian Joad]

PetroCanada is to buy into the US company Marathon Oil that is developing two oil fields in Syria.

"PetroCanada and Marathon Oil have initialed an agreement" to this effect, the economic newspaper Al-Iqtissadiya reported Sunday, quoting the Canadian company's director in Syria, Hisham Yasagi.

On May 8, Marathon Oil signed a 125-million-dollar contract with Syrian companies to develop the production of oil and gas in two oil fields near Homs in the centre of the country.

<snip>

Syria is in the grip of US-imposed sanctions, but international oil- and gas-prospecting companies are exempt and still operate in the country.

<snip>

More: http://www.turkishpress.com/news.asp?id=126807

[robinlynne]

1. exempt. Oil companies are exempt? oil companies are exempt?

[Tom Yossarian Joad]

2. That's a kicker isn't it?

[maryallen]

3. How con-vee-nient!!!

This administration makes me sick!

[Greyhound]

4. I'm sorry, did this surprise you?

and we wonder why everybody hates us... :eyes:

[Tom Yossarian Joad]

5. I don't know why. It really shouldn't have.