Wednesday 7 September 2011

Austrian OMV seen taking Syrian crude cargo-source - Maktoob News

Austrian oil and gas company OMV is expected to take a cargo of Syrian Souedie crude, which it purchased on the spot market last month, an industry source said on Tuesday.

The European Union, the biggest buyer of Syrian crude oil, banned imports of the country's oil on Saturday to put economic pressure on President Bashar al-Assad, while allowing fuel sales to Syria to continue.

However, Syrian crude under existing contracts can be still imported to the EU until Nov. 15.

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