Syria's oil output up slightly in 2010

Mon Jan 24, 2011 8:18pm GMT
 

DAMASCUS Jan 24 (Reuters) - Syria's oil production rose 2 percent last year to 386,000 barrels per day but remained below its 1996 peak, official data showed on Monday.

International companies working in Syria, including Total (TOTF.PA: Quote) and Shell (RDSa.L: Quote), produced 48 percent of the output, while Syria's state oil company pumped the rest, according to figures published by state's news agency.

Oil production peaked at 590,000 bpd in 1996. U.S. sanctions, which were imposed on Syria in 2004 for the government's support of militant groups, have curbed Western investment in the oil sector.

(Reporting by Khaled Yacoub Oweis; Editing by David Gregorio)

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