The Syrian Prime Ministry announced new plan to expand drilling and exploration for gas and oil, in an indication of its desperation to recover the oil fields controlled by the US-backed Kurdish forces in the northeastern Syria.
The director of the Syrian regime's General Petroleum Corporation, Nabih Khrestin, confirmed that the Ministry of Oil and Mineral Resources aims to work in 16 wells this year to explore, develop and produce oil with the help of the "Syrian Oil Company" and companies operating in the country.
After the end of a meeting of the regime's cabinet, Khrestin explained that the plan includes the work of 5 rigs in several fields and the entry into new exploration areas that could not be entered previously.
He pointed out that the government is seeking to increase production to secure the need for electricity and oil derivatives for citizens in light of the current difficult conditions that Syria is going through.
The Syrian regime seeks to improve the electrical situation in the country and the reality of hydrocarbons. The extent of his success in achieving these new oil discoveries, experts say.
The Oil Ministry has revealed the total direct and indirect losses in the oil sector, which amounted to about $100.5 billion since the beginning of the Syrian crisis so far.
Oil production in Syria during the past year amounted to about 31.4 million barrels, with an average daily production of 85.9 thousand barrels, of which 16 thousand barrels per day reach refineries, and the rest is obtained by the YPG-led Syrian Democratic Forces (SDF).
The collapse of Syria's currency has compounded the crisis. Worth about 50 to the United States dollar before the war, the Syrian pound traded in the hundreds per dollar in recent years, but began plummeting last fall in connection with a financial crisis in neighboring Lebanon, where many Syrians kept their money, according to the New York Times.
The International Rescue Committee says Syrians are enduring the worst economic crisis since the war began, with record levels of food insecurity and rapidly rising prices of basic goods. At the same time, water shortages in northern Syria are creating drought-like conditions for millions and jeopardizing already compromised health, water and other systems.
Syria’s conflict began in March 2011 and has killed nearly half a million people and displaced half the country’s pre-war population of 23 million.
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