Tuesday, October 03, 2017

Venezuela Still Hearts Syria

Iran claims Venezuela is working with it and Syria to build a new oil refinery in...Syria. That will unshackle Venezuela from the economic war and allow revolutionaries to work together. Or some such, I imagine.

There is really nothing to do but chuckle. Venezuela lacks the resources to embark on such a venture. But more importantly, it should be rather obvious to everyone that Syria is in the midst of a brutal civil war, which makes any investment doomed. The article does a nice job of showing that the announcement is intended primarily as a public statement that Venezuela is not isolated and has allies in other parts of the world. This thing is not going to be built and it is unlikely that the Venezuelan government believes it will be either.


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