Middle East Economic Survey

VOL. LIV

No 7

14-Feb-2011

syria

Mahrukat Imports $3Bn Worth Of Petroleum Products

Syrias state-owned distribution company Mahrukat has incurred a loss of S106.516bn ($2.27bn) in 2010 from the value of sales of petroleum products worth S307.097bn ($6.53bn) and the cost of purchases worth S413.613bn ($8.8bn), the Ministry of Petroleum and Mineral Resources has said. The Syrian government is therefore continuing to subsidize products in the domestic market despite...