September 15, 2011 | Quote

EU Sanctions on Syria Oil and Gas Industry Come with Loopholes

The EU appears close to approving new sanctions that would bar European companies from new investments in the Syrian energy sector. But companies may continue working under existing contracts, a loophole that may be large enough “to sustain Syria's energy sector for the short to medium term,” said Mark Dubowitz, executive director of the Foundation for Defense of Democracies, a nonpartisan policy institute in Washington.