January 21, 2025
Cancellation of the Tartous Port Investment Contract with the Russian Company: These are the Contract Details and Terms
After the controversy surrounding the cancellation of the investment contract with the Russian company in the port of Tartous, sources in the Syrian Ministry of Information confirmed information indicating that the General Authority of the Port of Tartous had cancelled the contract and demanded that the Russian company leave the port immediately.
The sources clarified the validity of the statement attributed to the Director of Tartous Customs regarding the cancellation of the agreement with the Russian company, noting that all revenues now go to the Syrian state, and that the workers will be returned to their positions in the port.
Tartous Ports Investment Contract
The controversial investment contract dates back to January 19, 2019, when it was signed between the General Directorate of Syrian Ports, represented by General Manager Akram Fayyad Ibrahim, and the Russian company STG-ENGINEERING. The contract stipulates the investment of the Tartous commercial port for a period of 49 years. This agreement came at a time when Russia was playing a prominent role in supporting the Assad regime in its war against the Syrians.
The contract terms
signed between the two parties guaranteed the continuation of Russian control over the commercial port in Tartus for a long period of up to 49 years, and included several terms related to profit sharing, as the Russian side’s share amounted to 65% of the total profits, which made the contract suspicious in the eyes of many analysts.
The terms of the contract also included the formation of a board of directors consisting of five members, including three representatives of the Russian company, which meant that the Syrian side had a lesser role in making key decisions related to the port. According to the terms of the contract, the Russian company was to finance its investments from its own funds or through borrowed funds in an estimated amount of “500 million US dollars.”
Legal and constitutional criticism:
The contract essentially contradicts the provisions of the Syrian Constitution, which stipulate that natural resources and public facilities are public property, and confirm that control over them may not be transferred to foreign companies. Many experts have considered the contract to be a violation of the rights of the Syrian people, and that it came as a service to serve the personal interests of the Syrian regime by relinquishing part of the state’s sovereignty.
Some see the deal as a “crime of high treason” because it ceded a vital part of Syria’s infrastructure to a foreign state in exchange for narrow interests. The contract clearly raises legal and constitutional questions about whether it can continue after the recent political changes in Syria.
Conclusion
: The cancellation of the Tartous port investment contract with the Russian company may open the door to legal and constitutional investigations into the effectiveness of this agreement and its impact on the Syrian economy. It also raises questions about Syria’s future economic policies under the new administration and the search for more just solutions that are in line with the interests of the Syrian people