Syria to Build New Refineries, Increase Oil Production

The minister pointed out to the oil and mines source importance in the national economy, concentrating on the importance of oil refining and increasing its production by establishing new refineries. “This is to get Syria a strategic role in light of its geographical location by producing oil derivatives even if that requires importing raw oil,” the minister said hoping that Syria would become “an attractive country for investments in the field of oil and gas, and the need to make feasibility study to achieve that.

Since oil production peaked at 590,000 barrels per day (bbl/d) in 1996, Syria’s oil output has fallen, to an estimated 535,000 bbl/d in 2003, as older fields, especially the large Jebisseh field discovered in 1968, have reached maturity. Syrian oil production is expected to continue its decline over the next several years, while consumption rises, leading to a reduction in Syrian net oil exports.
Arabic News