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Shell lukewarm about Syria oil boycott

British-Dutch oil giant Shell is under pressure to cease its activities in Syria. US Secretary of State Hillary Clinton called on countries and companies to suspend their supplies to Syria because of the bloody oppression of the popular protests by the Assad regime.

Shell has said it is prepared to discuss possible oil sanctions against Syria, but has not committed itself to joining a boycott. The company is a 30 percent partner in a consortium which is producing oil in Syria. Half the consortium is owned by state-owned Syrian companies, and the remaining 20 percent is held by Asian investors. Shell is pumping up oil and sells the crude on Syria’s General Petroleum Company. There are no Shell refineries in the country. read more

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