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Syria to wean off oil dependency
- United Arab Emirates: Monday, January 24 - 2005 at 07:08
Syria may record a budget deficit by 2014 unless it diversifies its economy from its ever diminishing supplies of oil, according to the Director of the Syrian Planning Authority, Abdullah Al-Dardari, as reported in Kuna. Imports of energy will surpass exports in 2005 and studies have shown that oil production will start falling by 2012. Syria's GDP has been declining since 1990.
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James McInerney, News EditorMonday, January 24 - 2005 at 07:08 UAE local time (GMT+4)
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