Iran, Syria consider forming joint oil and gas company, state media says

Friday, September 2, 2022 | Tag Cloud Tags: , , , , , , , ,

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(Worthy News) – IRNA reports that Syria’s oil and gas industry is one of Iran’s “most significant markets for investment.” The synergy between the two Middle Eastern countries, IRNA said, could be an “important step” toward economic cooperation.

Syria only has an estimated 2.5 billion barrels of oil – ranking No. 31 in the world, and accounting for around 0.2% of the world’s total oil reserves.

The talks between Iran and Syria come after four Iranian-backed militia members were killed in U.S. strikes in Syria last week in response to recent attacks by the group. [ Source: Fox News (Read More…) ]

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