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Oil & Gas

US bans Syrian petroleum imports

August 18, 2011
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WASHINGTON — The U.S. imposed wide-ranging sanctions Thursday on Syria’s government and banned petroleum imports as the Obama Administration called for President Bashar al-Assad to step down, Dow Jones Newswires reported.

U.S. President Barack Obama signed an executive order freezing any assets of the Syrian government in the U.S., blocking imports of any petroleum-related products and prohibiting exports of services to Syria.

In addition to banning petroleum imports and prohibiting U.S. citizens from doing business with petroleum products originating from Syria, the U.S. is also imposing sanctions against state-owned energy firms.
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