The Syrian economy has collapsed. The oil could be just enough to prop up the Syrian government — or a competing power. And who controls oil-rich stretches of the Syrian desert could determine who controls large regions of the country.
In 2010, before conflict erupted, Syrian wells produced around 385,000 barrels per day, according to the BP Statistical Review of World Energy.
"Syrian people did not have any benefit from this oil. … All the money the regime kept in their pocket," said Hassan. Most higher-up workers in fields were from Latakia, the homeland of Syrian President Bashar al-Assad's family. "Arab petroleum is for Arabs," they would tell him. It was a joke, but a revealing one, Hassan said.
In 2010, before conflict erupted, Syrian wells produced around 385,000 barrels per day, according to the BP Statistical Review of World Energy. That amounted to just 0.5 percent of global production — around what North Dakota produced that year. Even though Syria's oil reserves are pretty minuscule for international standards, they're actually quite important given the economic situation in the country.Shaar, who is from Aleppo, said that most Syrians would like the oil revenue to help rebuild the country. But he doesn't think oil will play a major role, at least in the short-term, as it would take years to raise capacity again.
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