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Syria’s oil industry posts $21.4bn in losses

: Thursday, July 24 - 2014 @ 04:18

Syria’s oil minister, Suleiman Abbas has said the country’s oil and gas industries have suffered total losses of $21.4bn since the outbreak of the country’s war three years ago, AFP has reported. “The circumstances the country is going through have caused considerable losses to the oil and gas sectors,” he said. The minister said the war had caused a $3.5bn direct loss, in terms of stolen and wasted oil and gas, and damage or theft of infrastructure, pipelines and vehicles. Indirect losses, or lost profits, accounted for $17.9bn, Abbas said.

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Thursday, July 24- 2014 @ 4:18 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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