Syria's gas production is on the rise

Apr 27, 2004 02:00 AM

Syria's oil output is declining but gas production is on the rise, Oil Minister Ibrahim Haddad said.
"Syria's production is going in two different directions: gas is constantly increasing while oil production is on the decline," he said.

Production of light crude is running at 520,00 bpd, said Haddad, while the daily output of gas in Syria has risen to 16 mm cm (565 mm cf). Syria's oil output had reached 600,000 bpd in recent years, and its gas reserves are estimated at 240 bn cm (8,475 bn cf).
In November, the Canadian firm Petro-Canada signed a contract for oil exploration and production in the north-eastern region of Deir ez-Zor, near the border with Iraq. The oil sector accounts for 70 % of Syria's revenues.

Source: Middle East Online
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