Syrian Oil Industry Collapsed in War Syria used to produce 390,000 barrels of oil per day but production declined sharply during the civil war reaching only 40,000 barrels per day in the year 2023 . Prior to the outbreak of the civil war in Syria in 2010 , oil or “black gold” which comprised almost
Saudi Arabia's Emerging Financial Strength When the Saudi national oil company which is listed on the bourse announced revenues as high as $161 billion for last year it came as no surprise as oil and gas producers seem to be the prime beneficiaries of the Ukraine conflict. The ploy of the US and Western Europe
Part II UNCLOS and Economic Rights Coastal States The United Nations Convention on the Law of the Sea (UNCLOS) grants special rights to the coastal states with regards to exploration and use of marine resources, including energy production in the area in its jurisdiction at times termed as exclusive economic zone. Economic Control of Waters
