The war has likely put Syria’s economy on its knees

According to Syrian ministers gathered in Damascus by the British Syrian Society, the Syrian economy would have totally collapsed because of the war.

According to Energy Minister Ali Ghanem, “the war has reached all economic resources, but has most systemically hit the petrol sector.” Indeed, Syrian production of crude oil would have fallen by 98% between 2010 and 2017 from about 385,000 barrels per day to just 8,000.

The same happened for the production of natural gas which fell by 52% from 21 to 9 million cubic meters during the same period. As for electricity, while state industry produced 97% of the needs, this proportion dropped to 27% from 49 to 19 billion kilowatts per hour.