Syria’s energy sector sees glimmers of hope
Oil industry has potential for revitalisation despite political uncertainty and damage to infrastructure
Syria’s energy sector is in a dire state, with oil and gas production at low levels due to fragmented control, oil refineries unable to operate at nameplate capacities, and a power sector incapable of meeting demand due to the lack of fuel. However, the recent regime change in Damascus offers hope. Syria was producing around 400,000b/d of oil 14 years ago, but today output has plummeted to less than 100,000b/d. In 2011, the country was not only meeting its own demand but also exporting, with oil sales contributing to 25% of government revenue. Syria’s gas production fell to around 3bcm from 8.7 bcm in 2011. Syria has two refineries, a 120,000b/d plant in Baniyas and a 100,000b/d facility in

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