Syrian oil exports decline
An updated economic report has revealed that the value of Syrian crude oil exports fell in 2009 by about US$ 2.5 billion compared to 2008 All in all, the value of Syria's oil exports in 2009 amounted to US$5.414 billion, while in 2008 it amounted to US$7.989 billion.
According to the data, Syrian crude oil exports constitute 1.4% of total Arab oil exports in 2009 at current prices. Meanwhile, the volume of Syrian oil production amounted in 2009 to 376,000 barrels per day, down 3.59% compared to the level of production recorded in 2008. Thus, the Syrian oil production accounted for 1.7% of the total Arab oil production in 2009.
- Underestimation or outright denial? Shale ‘euphoria’ deemed ‘pointless’ by some in the Gulf
- The 'oil curse' just became more real: how oil smuggling in financing the ISIS’ operations
- Why will Middle Eastern oil prices go up?
- Yemen and lifting energy subsidies: the great struggle
- Playing things safe: is China diversifying away from GCC oil imports?