North West Oil Group, Inc. (NWOL): Please don't get too excited... some inf...

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Wednesday, 03/05/2008 6:15:27 PM

Wednesday, March 05, 2008 6:15:27 PM

Please don't get too excited... some information still needs to be confirmed, but...

"North-West Oil Group will participate in the construction of oil refineries in Syria"

MOSCOW, March 05. / RusEnergy. JSC North-West Oil Group will act as operator of the project for building the refinery in Syria. The Russian company will work together with the Syrian national company. According to the press service SZNG, the contest was declared as early as 2007, but the timing tabulation postponed several times because of the elections held in Syria's new president. To date, the political situation in the country has stabilized, that the Government of Syria has to decide on the matter.

The project to establish a power plant 140 thousand bpd refinery products and the level of standards "Euro-4 and Euro-5. The cost of construction is estimated at $ 1.2 billion The period of a project can take from three to five years, the CDU TEK.

http://www.rusenergy.com/?page=news&id=89440
http://www.oilcapital.ru/news/2008/03/051434_120833.shtml