War on Syria
Regards, Max.
Half-truths and outright distortions from pro-terrorist supporters are coming from all directions these days. It does not take much research to prove most claims are false.
Syria is not a major oil producer and it never was. Syria’s oil and gas reserves rank 35th in the world and they have no strategic value. After more than two years of civil war, Syria has little to contribute to the world’s supply of oil.
{1}
Here are a few more facts you should verify:
Syria has not exported any oil since late 2011, when international sanctions came into force. {2}
Prior to the sanctions Syria produced only 370,000 barrels per day, roughly 0.4 percent of global supplies, but exported less than 150,000 bpd, mainly to Europe.
Syria's current production is estimated at just 50,000 bpd, all of which is refined domestically.
Syria does not produce enough oil products to meet its own internal needs and actually imports them from abroad.
The Wall Street Journal Moneybeat Blog reported a few days ago, “Syria itself isn’t a major oil producer. The country’s exports have been severely restricted by U.S. and European Union sanctions in recent years and its energy infrastructure has been damaged by unrest.” {3}
You also exaggerate the value of a pipeline when you wrote:
”as every educated person knows it is on the verge of building a pipeline with Iraq and Iran to compete with the US one.”
Wrong again, Max. Every well-informed person knows that the Iraq-Syrian pipeline will not be much competition for existing routes. Iraq is an oil rich neighbor, however, years of conflict and serious infrastructure failures have kept Iraqi output down to a fraction of its full potential.
The Suez Canal, southwest of Syria, brings 2.2 million barrels of petroleum products daily from the Red Sea and the Gulf of the Suez to the Mediterranean Sea. {4}
The Suez-Mediterranean pipeline carries 1.7 million barrels of crude oil each day through Egypt from the Persian Gulf to the Mediterranean. In total, the Sumed and the Suez Canal account for 4.5 million barrels of oil production every day.
To the north of Syria, Turkey’s Kirkuk-Ceyhan pipeline transports a large supply of oil from Iraq to the Mediterranean. Another pipeline, the Baku-Tblisi-Ceyhan, also brings oil from Central Asia.
Contrary to terrorist propaganda, Syria’s is not a major player among the largest oil producing nations. Fact checking with an open mind, Max, is still the most reliable path to the truth.
I hope you enjoy your evening.
{1} http://247wallst.com/energy-business/20 … prices-up/
{2} http://www.reuters.com/article/2013/08/ … JW20130827
{3} http://blogs.wsj.com/moneybeat/2013/08/ … ly-system/
{4} http://blogs.wsj.com/moneybeat/2013/08/ … ly-system/
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