Asian nations drawn to Syria’s oil wealth

Syria’s petroleum wealth, although limited by Mideast standards, is attracting the growing interest of oil-hungry Asian nations, even as some American oil majors pull out to minimize their investment risks

Oil production is a vital component of the Syrian economy, generating almost 70 percent of its export revenues. But output has been in decline for a decade, dropping from around 600,000 barrels per day to 460,000 barrels per day. At the current rate, Syria could be a net oil importer within a decade, a reality that has galvanized the Syrian government to intensify oil exploration and production.

Seattle Times