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Article

15 Aug 2011

Author:
Oren Kessler, Jerusalem Post

Diplomatic chorus grows for sanctions on Syrian oil

According to a report...by...Foundation for Defense of Democracies...“Oil enables Damascus to pay its loyalist security forces, purchase military hardware such as tanks, and acquire technology to suppress mass internal dissent...Syria...relies heavily on foreign companies to develop its energy resources on leased blocks of land...Persuading foreign investors to terminate their Syrian business ties could be an important source of leverage for pressuring the Assad regime,”...The leading companies involved in Syria’s oil industry hail from Britain, the Netherlands, France, China, Russia and Canada...A Shell representative in London insisted that the company’s Syrian ties are in compliance with international law, but that the company “condemn[s] any violence and the human rights abuses it represents and we have deep concern over the loss of life.”