EIA: Syria's oil production unlikely to recover for months, maybe years

02/24/2014
Syria's oil and gas production is unlikely to recover in the near term because of ongoing hostilities between the Syrian government and opposition forces, the US Energy Information Administration said in an update to its country report on Syria. EIA said Syria's oil production has declined dramatically since March 2011 because of the conflict and subsequent imposition of Western-led sanctions and the resulting loss of oil export revenues. Although Syria's natural gas production was not affected as significantly as oil, EIA estimates dry gas production is down by at least 30% compared with pre-conflict production levels. "Even when the fighting subsides, it will take months or possibl...
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