Syria : Follow The Money

levantAccording to International Law, Syria, Lebanon and Palestine (Gaza) all have rights to extract oil and gas from the Levant Basin, as each has a 200 nautical mile exclusive economic zone offshore.

The US and Israel are of course aware of this, but that won’t stop them pursuing their joint intention to rob Syria, Lebanon and the Palestinians of $ billions in oil and gas revenue.

Note :  Syria is the only Mediterranean state – now that Libya has been dismembered – which retains ownership of its major oil company – the Syrian Petroleum Company ( Arabic شركة النفط السورية  ) which has, so far, avoided privatization and is reserved exclusively for state-owned enterprises. Its oil reserves are estimated at 2,500 million barrels.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s