Middle East Economic Survey


No 52



INA Announces Further Cuts In Syrian Production

Croatias INA announced on 21 December in a company statement that due to major uncertainties in Syria it has additionally reduced its production of oil and gas by 1,300 b/d. As INA has no control or influence over developments in Syria, we have asked for a temporary trading suspension [on the Zagreb bourse]. This is the second reduction in INAs production in Syria after a cut of...