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Reuters Africa reported that EU sanctions against Syria is likely to affect TOTAL S.A.’s (NYSE:TOT) operations in the middle eastern country.
Reuters Africa reported that EU sanctions against Syria is likely to affect TOTAL S.A.’s (NYSE:TOT) operations in the middle eastern country.
As quoted in the market news:
The European Union imposed sanctions on Friday on three Syrian oil firms, including state-owned Syria Trading Oil (Sytrol) and General Petroleum Corporation, as part of its to effort to add financial pressure on the Damascus government over a crackdown on protests.
Total has a 50/50 joint venture with Syrian Petroleum Company (SPC) which is not on the list of companies targeted by the EU sanctions.