Syrian oil exports decline

Published January 9th, 2011 - 02:58 GMT

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.


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