Monday 23 July 2012

Syria's fate has key implications for its oil-rich neighbours - The National

You can't make war in the Middle East without Egypt, and you can't make peace without Syria, observed the former United States secretary of state Henry Kissinger. With key members of the regime assassinated, fighting in the streets of Damascus and border crossings in the hands of the opposition, president Bashar Al Assad's days seem to be numbered.

Not a major oil producer itself, Syria's fate still has implications for this energy-rich region. The country's importance has always been as an oil transit state rather than a producer.

During the Iran-Iraq War, to support its ally Tehran, Syria closed the Iraqi pipeline that runs to the Mediterranean.

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