Suncor says it’s reviewing new Canadian sanctions against Syrian government

October 5, 2011 12:35 PM31 commentsViews: 20

Suncor says it's reviewing new Canadian sanctions against Syrian government

CALGARY – Suncor says it is reviewing new sanctions the Canadian government is imposing on Syria.

However, in brief remarks, a company spokesman gave no indication what effect the sanctions might have on Suncor operations in the Mideast country or how it would respond.

The expanded sanctions prohibit the purchase or transportation of petroleum products and any new investment in Syria’s oil sector and also add 27 new individuals and 12 new entities to Ottawa’s sanctions list.

Suncor (TSX:SU), Canada’s largest energy company, runs the Ebla natural gas project in the politically divided country alongside Syria’s General Petroleum Corp.

Ebla — far from any major population centres — has continued to operate throughout the conflict between the Syrian government and pro-democracy protesters.

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