Middle East Economic Survey

VOL. LIV

No 38

19-Sep-2011

syria

Syrian Crude Production Unaffected By EU Sanctions, Says IEA

The International Energy Agency (IEA) does not believe that Syrian crude oil production will be affected by the sanctions introduced against Damascus by the EU on 2 September. The IEA said in the September issue of its Oil Market Report that the sanctions could, however, exacerbate already declining mature production in the country. The sanctions ban the purchase and...