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Syrian Oil Minister Addresses Fuel Crisis
The Syrians face significant challenges in the energy sector. The Minister of Energy confirmed that the country needs $831 million monthly to purchase oil and petroleum derivatives, and it struggles to secure the foreign currency necessary for imports. Although the country currently produces 112,000 barrels per day, there remains a gap of up to 200,000 barrels compared to demand, and a large portion of the supply is imported from abroad. Syria also faces a crisis in securing its gas resources, producing currently 8 million cubic meters against a need of 24 million cubic meters. The country deals with ongoing challenges related to supplying the market with fuel and providing foreign currency consistently. Efforts are underway to increase production, rehabilitate wells, and achieve energy independence, but financial constraints and economic conditions are impacting these initiatives.
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