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Posted: Wed 9:51, 30 Oct 2013 Post subject: pushing the country back several years |
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Syrian energy sector seen in disarray
WASHINGTON, Feb. 22 () -- Almost two years of war in Syria has left its energy sector in disarray,[url=http://www.raybanoutletsale.net/]ray ban outlet[/url], pushing the country back several years, the U.S. Energy Department said.Protests in March 2011 grew into a civil war in which, by U.N. estimates,[url=http://www.guccioutletonlinen.com/]gucci outlet online[/url], more than 70,000 people have been killed.The U.S. Energy Department's Energy Information Administration said that while Syria isn't a global leader in energy, the conflict is taking a toll on domestic and regional markets."Even when the fighting subsides, it may take many months -- or more -- for the Syrian domestic energy system to return to pre-conflict operating status," the EIA said.The EIA states that Syrian oil production in 2010 was around 400,000 barrels per day. As of October,[url=http://www.jimmychoosaler.com/]michael kors outlet[/url], however, production was down nearly 60 percent to 153,000 bpd. The Syrian government had relied on oil for more than 30 percent of its total export revenue.EIA states that, since October,[url=http://www.cheapbeatsbydreukvip.co.uk/]Cheap Beats By Dre[/url], the cost to the oil industry because of the war was around $2.9 billion."Against this backdrop, Syria's energy sector is in a state of disarray, and the current conflict threatens to set Syria's energy sector back by years," the EIA reports.
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