economy To faster change

Agreed EU governments today to ban the import of Bologna Syrian oil, in a move to tighten the economic pressure on the regime of Bashar Assad because of the suppression of protests demanding the downfall.
The resolution to prevent the import or purchase or transfer of oil Syria crude and products of petroleum to the European Union, also includes the prohibition to provide any financial services or insurance for transactions related to the processes referred to, and made ​​Syria a day of 150 thousand barrels of oil from the total production of approximately 350 thousand barrels.
As the extension of sanctions on the European travel ban and asset freeze to include four of the business associated with the Assad regime, and three companies, including Bank of Syria, and will enter the new sanctions take effect tomorrow.
However, the oil embargo would not apply to ongoing contracts only on November 15 after a request from Italy, where there are contracts in progress between the European oil companies and two oil facilities in Syria are Syrian Petroleum and Sterol Committees of the Government.
Investment ban
It will be the decision of the European impact on Syria's oil revenues, where 95% of oil exports go to Damascus, the European Union, while European officials postponed a decision on the adoption of additional economic sanctions, where it prohibit any European investments in the oil sector in Syria.
According to industry sources said that even with the prohibition of Europe's oil imports, the Syrian oil giant Shell will continue to work with Syria, it has a joint venture with state oil company and Syria, an Indian company.
And monitoring information shown ship the first satellite yesterday that the Shell oil tanker chartered to go to the Syrian port of Banias to load quantities of crude early next week.
Before, and the U.S. President Barack Obama issued a few days ago, an executive decision to impose sanctions on oil and gas sectors Syrian, including banning the import of oil, but remain symbolic step because Washington does not import virtually any oil from Syria.