1.206 Trillion Pound Loss for Syrian Gas Company Since 2011

Much of the loss has been caused by their inability to operate, as well as attacks on facilities and the theft of machinery reports Damas Post.

The value of the losses suffered by the Syrian Gas Company has amounted to 1.206 trillion Syrian pounds (about 2.5 billion dollars) from 2011 to 2018.

Many of the company’s facilities—which collects, treats and exports gas—have been damaged and most oil and gas wells been halted.

The company’s director, Ali Darbouli, told Damas Post: “Multiple sites have been completely damaged and there has been serious damage to a number of positions bombed by the warplanes of the US-led International Coalition, in addition to the theft and vandalism of hundreds of machines.”

He added that at its lowest point during the crisis, production had fallen to seven million square meters of gas per day, while production had been planned at 48 million. Additionally, covering the shortage of gas had been accomplished through the introduction of all gas wells that had been dug and immediately put into production.

Syria had eight gas treatment plants before the crisis and about 45 gathering stations, and 80 block valve stations on the gas network, which had a length of about 2,600 km. Now only five plants are in operation as well as the gas field sites.

Regarding the cost of rebuilding, Darbouli said that the cost of repairing the Hayyan gas station alone, for example, would be about 150 million dollars.

 

This article was translated and edited by The Syrian Observer. Responsibility for the information and views set out in this article lies entirely with the author.

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