Weak production has forced President Bashar al-Assad’s regime to import oil, but Western sanctions on Damascus and Tehran are hampering incoming tankers.In 2013, Syria’s oil reserves were estimated at 2.5 billion barrels, and gas supplies at 241-billion cubic metres .
The Russia-backed regime, meanwhile, holds the country’s largest gas field in Shaer, as well as those of Sadad and Arak.What’s the damage?In 2010, they contributed about 35% of export earnings and 20% of state revenue, the Syria Report economic publication says. Crude oil production plunged more than 99% between 2010 and 2016, from 385,000 barrels per day to just 2,000, according to figures provided by Ghanem in April.
In November, Washington slapped fresh sanctions on Tehran, accusing it of creating a complex web of Russian cut-out companies and Syrian intermediaries to ship oil to Damascus. Last week, Britain detained a tanker carrying Iranian oil on suspicions it was heading to Syria, but Tehran on Sunday denied that was its final destination.
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