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US says Syrian energy sector in 'disarray'
- Syria: Saturday, February 23 - 2013 at 02:15
The US Energy Information Administration (EIA) has estimated Syrian crude production to have dropped to 153,000 b/d in October last year from around 400,000 b/d in March 2011 when the conflict in the country began, with some 220,000 b/d of production shut in as of November 2012, Platts has reported. "Syria's oil fields remain largely unaffected -- in terms of damage from fighting and sabotage -- but limited opportunities to export crude and other liquids, and limited domestic refining capacity, have resulted in shut-in production," the agency said. Uncertainty over the future of Syria's energy sector is likely to delay any decisions on investments not already prohibited under the current sanctions regime, the EIA said. "Syria's energy sector is in a state of disarray, and the current conflict threatens to set Syria's energy sector back by years," it said.
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