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Suncor operates $1.2-billion Ebla project in partnership with local company (TODD KOROL/REUTERS)
Suncor operates $1.2-billion Ebla project in partnership with local company (TODD KOROL/REUTERS)

Canada bars new oil investment in Syria Add to ...

Canada announced on Tuesday it was banning new investment in Syria’s oil sector as part of a fresh sanctions package but it was not immediately clear whether Suncor Energy Inc. ’s Syrian operations would be affected.

Suncor operates the $1.2-billion Ebla project in Syria, supplying natural gas to the domestic market. Its partner is Syria’s General Petroleum Corp.

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Canada imposed sanctions against Syria in August over its use of violence against civilians, and Foreign Minister John Baird said Ottawa would take more steps.

The measures include:

- a ban on providing financing for new investment in the oil industry or the acquisition, purchase, supply or importation of petroleum or petroleum products in Syria;

- a ban on the importation, purchase, acquisition, carrying or shipment of petroleum or petroleum products from Syria.

Suncor was not immediately available for comment.

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