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June 11, 2006
Oil dollars and state sponsors of terror
It's a little stale, as far as news goes, but here you go:
(AP) - DAMASCUS, Syria-Syria signed a US$127 million deal with an American oil company Monday despite U.S. sanctions on the country, the official Syrian news agency reported Tuesday.
The state-owned Syrian Oil Company signed a 25-year contract with the U.S. Marathon Oil Company Monday for oil and gas exploration in central Syria, the agency said. The agreement is renewable every 5 years.
In May 2004, U.S. President George W. Bush banned all U.S. exports to Syria except for food and medicine, in accordance with the Syria Accountability Act - a law passed a year earlier that calls for sanctions against Syria for its alleged support of terrorism. The ban does not cover oil companies, however, and there are several U.S. oil companies operating in Syria.
Posted by glyphic at June 11, 2006 10:08 PM
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