Syria - Issues and options in the energy sector
Dar Al-Handasah | Shair & Partners
The rapid rise in energy demand of over 10 percent per year during the last decade and the stable production of oil have sharply reduced net earnings from oil exports and contributed to the shortage of foreign exchange and to the slowdown in economic growth. Urgent action is required to increase energy supplies and slow the growth of demand. On the supply side action is required to accelerate the development of gas, maintain oil production in the oil fields, redirect exploration efforts, and change the pattern of refined product output to produce more middle distillates. In the electric power sector, prices should be increased, time of day pricing implemented, losses reduced and least cost development plants prepared and implemented with emphasis on gas for power generation. There is scope to increase efficiency in energy use, particularily in the domestic and industrial sectors. Two of the most important issues are accelerated gas development and action on electricity prices.
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