Syria: Output At 17KB/D

Crude oil production from government-controlled areas of Syria has averaged 17,000 b/d in the first half of 2014, or 4.4% of pre-war volumes of 385,000 b/d, the country’s Minister of Petroleum and Mineral Resources Sulaiman al-‘Abbas said this week. This, according to government statistics, is down 11,000 b/d on output in the corresponding period last year.

Syrian gas production has also shrunk by half to 16.36mn cmd (578mn cfd) in 1H14 from about 30mn cmd (1,059mn cfd) in March 2011, when the upheaval started.

Mr ‘Abbas explained that the Syrian authorities had lost to the Jihadists of the Islamic State of Iraq and Greater Syria (ISIS) a number of oil and gas fields in the Dair al-Zour province in eastern Syria, close to the Iraqi border, and said that ISIS is currently exporting oil through middlemen to Iraq and Turkey. (CONTINUED - 376 WORDS)