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FINANCIAL NEWS
Syria’s economy continues to decline
31 May 2017
(MENAFN) Syria’s economy is on its knees, with oil production at its lowest in years and a total halt in phosphate exports and power generation sharply reduced.
However, crude oil production fell 98 percent between 2010 and this year from 385.000 barrels per day to only 8.000.
In addition, natural gas production also fell 52 percent from 21mn cubic meters per day in 2010 to just 9mn this year.
Accordingly, whole losses for the elect ministry since the beginning of the war reached to over USD3.8bn.
MENAFN3105201700450000ID1095524294
MENAFN3105201700450000ID1095524294
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