Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

ICC orders Congo warlord germain Katanga to pay victims

Read more

MEDIAWATCH

Trumpcare Falls Before First Hurdle

Read more

THE WORLD THIS WEEK

Westminster Attack, Abadi in Washington (part 1)

Read more

THE WORLD THIS WEEK

Obamacare, Europe's Unholy Alliances, Martin McGuinness (part 2)

Read more

INSIDE THE AMERICAS

Export bans hit Brazil amid tainted meat scandal

Read more

FRANCE IN FOCUS

Presidential election: French voters in turmoil

Read more

#TECH 24

Inside Netflix's war room

Read more

FOCUS

French Catholic voters remain faithful to scandal-hit Fillon

Read more

PEOPLE & PROFIT

Growing ambitions: The forces driving India's economy

Read more

French oil major Total signs three deals in Syria

Latest update : 2008-09-04

As French president Nicolas Sarkozy ends his visit in Damascus, French oil major company Total announced it had signed two oil and gas deal and has extended an oil license with Syria.

French oil major Total said Thursday it had signed three oil and gas agreements in Syria during a visit to the country by French President Nicolas Sarkozy.
  
Total said it had signed a memorandum of understanding with the state-owned Syrian Petroleum Company and Syrian Gas Company to set up a strategic partnership paving the way for common projects in the future.
  
Another deal extended an oil license for the Deir Ez Zor energy project in the east of the country for 10 years to 2021. It is wholly owned by Total and jointly operated by Total and the Syrian Petroleum Company.
  
A third agreement aims to increase Total's gas deliveries for the domestic Syrian market.
  
The deals "pave the way for increased cooperation between Total and Syria and bolster our operations in partnership with the national oil companies of this country," said Total chief executive Christophe de Margerie.
  
The French president is the first Western head of state to visit Syria since the murder of Lebanese ex-premier Rafiq Hariri in a 2005 bombing in Beirut that was widely blamed on Damascus.
  
De Margerie is accompanying him on the trip.
  

Date created : 2008-09-04

COMMENT(S)