SYRIA’S ENERGY SECTOR STRUGGLES AS CIVIL WAR STAGNATES OIL PRODUCTION
January 1st, 2014
AS peace-talks finally got underway in Geneva, aimed at ending Syria’s bloody civil war, one economically devastating consequence is all too clear: Syria’s energy sector has come to a near standstill. The government has lost control of key oil producing areas to the rebels, international oil companies have left the country, and the regime has had to resort to round-about methods to secure energy imports to offset production losses.In May 2013, the oil minister Suleiman Abbas told the Syrian parliament that output was down 95% from the 380,000 barrels per day ...
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