Syria ships its first official crude oil shipment in 14 years
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Syria's First Crude Oil Shipment: Syria has exported its first official crude oil shipment in 14 years, sending 600,000 barrels from Tartus following the lifting of U.S. sanctions, with plans for more exports to revive its energy sector.
Challenges and Infrastructure Development: The country's oil infrastructure, severely damaged by a prolonged civil war, poses significant challenges, but Syria is signing deals with international companies, including an $800M agreement with DP World to redevelop Tartus port, to support rebuilding efforts estimated to cost between $250B-$400B.
Analyst Views on SCO
Wall Street analysts forecast SCO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SCO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 17.490
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Current: 17.490
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
