Losses of the Oil and Mineral Resources Sector in Syria Exceeded 105 Billion Dollars

  • Damascus, Syrian Arab Republic
  • 12 August 2022
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The Ministry of Oil and Mineral Resources in Syria revealed that the losses of the oil and mineral resources sector from 2011 until the end of the first half of 2022 amounted to about 105 billion dollars.

According to the ministry’s report for the first half of this year, oil production during the period from January to the end of June reached 14.5 million barrels, with an average daily production of 80.3 thousand barrels. Indicating that what is being delivered of these quantities to refineries is about 14.3 thousand barrels, while up to 66,000 barrels per day are stolen from the fields of the Eastern Province.

Syria has witnessed a continuous decline in oil and gas production, since 2011, as the volume of production exceeded 385,000 barrels, while it reached zero limits in 2015, before the Syrian government took control of some wells, east of the central city of Homs and west of the Euphrates River, with a daily production of about 14,000 barrels. According to a report by the Ministry of Oil, the volume of gas production amounted to about two billion cubic meters during the first half of the year, with a daily production rate of 11.3 million cubic meters.

Source (Al-Araby Al-Jadeed Newspaper, Edited)

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