Stroytransgaz plans to begin construction of a gas processing plant in Syria this week, said Valery Plotnikov of the company’s special construction abroad department, who is leading the Syria project. “The Syrian government ratified the agreement on construction on a single-source basis,” he said. The plant will have capacity to process 1.1 billion cubic metres of gas. The construction will cost roughly USD 220 million. Stroytransgaz is already building a 2.5- billion-cubic-metre gas processing plant in Syria, Plotnikov said. Construction of that plant is about 50 percent complete and will begin operations in a year, he said. Stroytransgaz also plans to bid in a tender on reconstruction of an oil refinery at Banias in Syria, he said. The tender was announced in 2006 but was postponed several times due to financing difficulties, he said. Syria wants the contractor to finance approximately USD one billion of the reconstruction costs, to be repaid later. Six other firms are bidding in the tender, Plotnikov said. He did not specify when the results would be announced. The factory is to have capacity to refine six million tonnes of oil a year.
Published 11:15 October 26, 2007
Updated 11:15 October 26, 2007
Stroytransgaz to begin gas plant in Syria
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