Middle East Economic Survey

VOL. LIV

No 45

7-Nov-2011

syria

Petroleum Minister Says Sanctions Forced Syria To Reduce Output

Syrian Minister of Petroleum and Mineral Resources Sufian 'Alaw told the London daily al-Hayat of 1 November that Syrian oil production had fallen from an average of 380,000 b/d to between 250,000-270,000 b/d as a result of US and EU sanctions imposed on Syrian oil exports. But he denied that any foreign company had withdrawn from Syria, noting that these companies were...