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07 July 2011
SYRIAN opposition efforts to cut a
big funding lifeline to President Bashar al-Assads regime
may be about to yield fruit. European buyers of Syrias
Souedie crude are considering a boycott of the heavy oil that
can be refined only in the Netherlands, Italy, Spain and
Anti-Assad forces have focused on the
oil and gas sector as a crucial pressure point for a government
that has been starved of its only alternative source of hard
currency earnings tourism since widespread unrest
hit Syria in mid-March.
Ausama Monajed, of the National Initiative for Change,
claimed a boycott of oil exports would deprive the government
of up to $8 million a day in earnings. That revenue goes
straight to the prime ministers office making it easy to
direct it to military and...
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Qatar's state investment vehicle QIA has hedged its bets with the Shell-BG proposed takeover, writes David Evans of PE sister publication Sovereign Wealth Center
The latest target rollover means more crude is on the way.
As Brent hits a six-year low, assets should be correspondingly attractive. However, apart from defensive mergers and portfolio rationalisations, M&A activity is quiet