21 Hrs
Source:
عين ليبيا
Syria Fuel Crisis: Energy Minister Reveals Monthly Oil Cost
The article highlighted the efforts of the Syrian Ministry of Energy in addressing the fuel and gas shortage crisis by increasing local production and improving infrastructure, despite financial and technical challenges. The minister indicated that Syria currently produces about 112,000 barrels of oil daily and needs to import 200,000 barrels to meet demand. Additionally, there is a deficit in gas production, which has risen to 8 million cubic meters per day compared to an estimated requirement of 24 million cubic meters. The ministry faces economic pressures related to securing foreign currency and rehabilitating oil fields; it is working on increasing extraction from existing wells and restoring supply security through agreements with other countries. The ministry has also implemented measures to temporarily adjust fuel prices and has begun operating local refineries with a capacity of up to 35,000 barrels per day, along with distributing allocated amounts of subsidized diesel. These measures aim to improve the level of supply in the local market and ease financial burdens on the government, despite ongoing challenges related to financing imports and ensuring continued production.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)