After seven years of war, Syria may finally be approaching the endgame. President Assad’s government is turning its attention to post-war recovery. The hydrocarbon sector is crucial: oil exports accounted for 30% of pre-war revenue and, after billions in investment, gas output was just ramping up when war took off. But EU and US sanctions will make attracting investment an uphill task – all eyes are on Russia.
|Crude Output||0.1||mn b/d|
3 May, 2019
A severe oil products shortage, largely due to US sanctions on Iran, has crippled Syria’s ailing economy just as Damascus aims to bounce back from eight years of devastation.
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