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Syria struggles to maintain production
Publication year - 2007
Publication title -
oil and energy trends
Language(s) - English
Resource type - Journals
eISSN - 1744-7992
pISSN - 0950-1045
DOI - 10.1111/j.1744-7992.2007.320113.x
Subject(s) - production (economics) , upstream (networking) , economic shortage , government (linguistics) , consumption (sociology) , investment (military) , natural resource economics , foreign direct investment , nothing , economics , business , economic policy , agricultural economics , economy , market economy , development economics , political science , politics , engineering , macroeconomics , sociology , telecommunications , social science , linguistics , philosophy , epistemology , law
Faced with a shortage of foreign investment, Syria is struggling to maintain its oil production around its current level of 400,000 bpd. At the same time, rising domestic consumption means that its exports are being squeezed. The government has high hopes of a revival in the upstream sector this year as drilling begins in a number of areas; but nothing can alter the fact that Syria's oil production is in long term decline.