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Syria in refinery deal
- Syria: Sunday, November 04 - 2007 at 07:24
Syria has agreed a $2.6bn contract with Iran, Venezuela and Malaysia for the construction of an oil refinery at Furoqlos, near the city of Homs in central Syria, reported the AP. The facility will have a refining capacity of 140,000 barrels per day with Venezuela receiving 33% of the revenues, Iran and Malaysia getting 26% each and Syria the remaining 15%. Venezuela, Iran and Syria will provide the crude.
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