Middle East Economic Survey

VOL. LIII

No 3

18-Jan-2010

syria

SPC And Total Seek To Reverse Output Decline With New Production Wells

Oil production from the Deir Ez-Zor Petroleum Company – a 50/50 joint venture between the Syrian Petroleum Company (SPC) and Total – has fallen steeply to around 26,000 b/d recently from almost 60,000 b/d at the end of the 1990s as a result of the decline in output from 14 wells out of a total of 38 production wells, according to the chairman...