US asks India Reconsider Syrian Investment
India Intelligence Report
 

US asks India Reconsider Syrian Investment

 

 

The United States submitted an aide mémoire seeking India to reconsider its decision to invest in a Syrian oilfield. The memo handed to the External Affairs Ministry by senior US diplomats accused Syria of not fully co-operating with United Nations investigations on its role in the assassination of former Lebanese Prime Minister Rafiq Hariri. It said that this was not the “right time to send mixed messages to the Syrian Arab Republic Government (SARG).” The US fears that the Syrian Government will “exploit” the proposed joint-venture investment with China of USD 573 million to mean that it is not “isolated and therefore not comply with” United Nations Security Council (UNSC) Resolution obligations. The UNSC had unanimously passed two resolutions “mandating complete cooperation by the Government of Syria with the UN’s investigations.” It is not known whether a similar a memo has been issued to China. Indian officials told the US officials that the Oil & Natural Gas Commission (ONGC) would proceed with the deal in co-operation with the China National Petroleum Corporation (CNPC) with the acquisition of 37% stake in the al-Furat oil and gas fields from Petro-Canada. This oil field with proven reserves of 300 million barrels of oil is partly owned by Shell. India considers this investment strategic both from the perspective of quantifiable assets but also as means to further its incipient oil partnership with China. This memo comes on the heels of another controversy of the US Ambassador’s comments that the Indo-US civilian nuclear deal may be in jeopardy if India does not vote with the US and Europe against Iran at the International Atomic Energy Agency (IAEA) this week. There is increased fear in India that the US is leveraging the Indo-US nuclear deal for civilian use to curb Indian decision-making to meet its own ends.