Middle East Economic Survey


No 17



Syria Records Negative Oil Balance In 2008

The difference in the net value of Syrias oil exports and imports fell to -$100mn in 2008 from a positive figure of $1.3bn in 2007 and $1.9bn in 2006, according to statistics published by the General Authority for Development and Promotion of Exports. The figures confirm that with the decline in Syrian crude oil production and the rise in oil prices to record highs in 2008, the oil balance...