Oil Shortage Crisis Might Force the Syrian State to Liberate East Euphrates | WHAT REALLY HAPPENED

Oil Shortage Crisis Might Force the Syrian State to Liberate East Euphrates

Muhammad Khodhr, Lebanese Al-Mayadeen News Channel reporter in Syria wrote to almayadeen.net commenting on the pressing issue of the shortages in Syria. Mr. Khdhr’s article is in Arabic and we tried to translate it to our best to English.

The current crisis started on Saturday, April 6th, which the government attributes to the impact of US sanctions on the Syrian economy. Oil Minister Ali Ghanem said during a tour of the gas stations that the material was available at stations in an effort to reassure consumers who have just got out of a severe shortage in gas which stretched throughout the winter months and effectively ended with the start of the spring.

he main oil and gas fields in Syria went out of the government’s control in the early days of the crisis. Syria used to produce about 385 thousand barrels of oil per day before 2011, mostly from fields east of the Euphrates in the countryside of eastern Deir Al-Zour and Hasaka, and about 21 million cubic tons of gas, mostly from the central region. Production fell sharply to about 24 thousand barrels of oil per day.

Securing the Central Region and the rehabilitation of gas facilities helped increase the production of gas to 17 million cubic meters per day.

Overall estimated losses of this sector over the past eight years, according to official estimates, about 74.8 billion dollars, the most important losses, in the economic sense of any production sector in Syria due to the war.

The size of the depletion of oil production has exerted a strong pressure on the Syrian economy in all its details. For the first time, the government allowed the private sector to import its fuel and diesel oil to secure the work of factories and craft enterprises. The step that came into force was an attempt to circumvent US sanctions and access that material, but it is certainly not enough.