Suncor Energy declared force majeure under its
contractual obligations and is suspending operations with the
General Petroleum Corp. (GPC) in Syria, the company said on
These actions are taken as a result of sanctions on Syria
announced by the European Union on Dec. 2.
The company said it is working through a plan to safely
withdraw its expatriates while retaining its Syrian employees
and determining how itcan best support Syrian employees during
"We've been monitoring developments in the region very
closely during the last several months, and we've always been
clear that we would comply with all relevant sanctions imposed
on the country," said Rick George, Suncor CEO.
"The current situation in Syria is very concerning, and our
thoughts are with the Syrian people as we hope for a return to
peace as soon as possible, he added.
Suncor management is not changing total production guidance
(2011 or 2012) because Libyan production is ramping up and was
not included in the existing guidance, according to the