Syria's troubled oil future
By Bassam Fattouh
Commentary by
Monday, October 17, 2005
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Syria's oil industry faces a serious challenge in reversing the recent trend of declining oil production. From a peak of 590,000 barrels per day (bpd) in 1996, Syria's oil production has fallen to 485,000 bpd last year. With many major oil fields reaching their peak and in the absence of new significant discoveries, most observers predict this decline will likely continue.
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