November 21, 2008
Northwest Oil Group to build oil refinery in Syria
FIS reported that Northwest Oil Group CJSC has won the tender on the construction of an oil refinery in Syria.
Northwest Oil Group CJSC will act as the project operator jointly with its subsidiary NWOG. Investments into the construction are estimated at USD 1.2 billion and may take 3 to 5 years to finish the construction.
The oil refinery will have the capacity of 140 barrels per day and will make oil products in conformity with Evro 4 and Evro 5 standard.
