International Business Times – by David Kashi
As the United States and Western Europe struggle to find a resolution to the bloody civil war in Syria, Russia has undertaken another geo-strategic gambit in the Eastern Mediterranean by boldly claiming a stake in a huge oil and gas field off Syria’s shores. Last week, a Russian state-controlled energy group, Soyuzneftegaz, struck a deal with the Syrian regime for rights to develop and produce oil and gas off Syria’s coast.
Under terms of that deal, Soyuzneftegaz will be permitted to perform offshore drilling, development and production activities in Syria’s territorial waters. The agreement covers 2,190 square kilometers in the Mediterranean waters, at an initial cost of some $90 million, all assumed by Soyuzneftegaz. Continue reading “Moscow Enters The Eastern Mediterranean Gas Fields: What’s Really Behind Russia’s Energy Deal With Syria?”

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