Assad preparing to handover Syria’s energy sector to Russia

The New Arab reports: The regime of Bashar al-Assad is reportedly seeking to rehabilitate and operate oil fields and power plants in areas controlled currently by the rebels and the Islamic State group respectively — areas that the regime forces began recapturing in northern and Western Syria backed by Russian airstrikes.

Measures are already in place by the Syrian regime to hand over the Syrian energy sector to Russian companies, led by a law on partnership between the private sector and foreign companies issued in early 2016.

Last month as well, Russian press reports said Bashar al-Assad, during a recent visit to Moscow, signed an agreement consisting of ten clauses purportedly giving Russia the right to freely operate in Syria, which cannot be revoked except by written agreement.

In the same vein, a recent report published by Russia’s RIA agency said Syria’s ambassador to Moscow, Riad Haddad, had met with the chairman of Russian gas company Gazprom Alexei Miller, and discussed giving Russian energy firms oil and gas concessions in Syria and other forms of cooperation. [Continue reading…]

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