Syria Oil And Gas News
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Introduction
- Syria is the only significant crude oil producing country in the Eastern Mediterranean region, which includes Jordan, Lebanon, Israel, the West Bank, and Gaza. In 2009, Syria produced about 400,000 barrels per day (bbl/d) of crude and other petroleum liquids. Oil production has stabilized after falling for a number of years, and is poised to turn around as new fields come on line. In 2008, Syria produced 213 billion cubic feet (Bcf) of natural gas, and is expected to double its gas production by the end of 2010. While much of its oil is exported to Europe, Syria's natural gas is used in reinjection for enhanced oil recovery (EOR) and for domestic electricity generation.
- Although Syria produces relatively modest quantities of oil and gas, its location is strategic in terms of regional security and prospective energy transit routes. Regional integration in the energy sector is expected to increase as a result of the 2008 opening of the Syrian link of the Arab Gas Pipeline and ongoing plans for the expansion of the pipeline network to include neighboring countries Turkey, Iraq, and Iran.
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page revision: 2, last edited: 18 Nov 2013 16:56