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Essay / Research Paper Abstract
A 5 page paper discussing the state of the industry in Syria, a middle-tier oil producer. The oil and gas industry in Syria is in a state that most of the rest of the world fails to understand can exist in the Middle East. The country faces declining reserves of oil, and faces the prospect of potentially becoming an oil importer within the current decade. The paper examines the industry in terms of Porter’s Five Forces. Bibliography lists 6 sources.
Page Count:
5 pages (~225 words per page)
File: CC6_KSsyriaOil.rtf
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Unformatted sample text from the term paper:
and gas industry in Syria is in a state that most of the rest of the world fails to understand can exist in the Middle East. The country faces
declining reserves of oil, and faces the prospect of potentially becoming an oil importer within the current decade (Busch, 2001). Its intended antidote
to declining oil reserves is twofold: (1) increase oil exploration and (2) further develop its natural gas industry. State of the
Industry in Syria The larger plan in Syria is to enhance "natural gas development to free up more of its declining oil output
for exports. It is also trying to lure new investment into exploration and enhanced oil recovery. The country is facing the prospect of becoming an oil importer this decade" (Syria:
oil falls, gas rises, 2001; p. 12). Current reserves stand at 2.5 billion barrels, and the daily production in 2001 was 510,000 barrels a day. This output represents
a decline from peak output in 1995 of 600,000 barrels a day (Syria: Oil production declined in 2000, 2001). Production is expected to continue to decline for the next
12 to 13 years, and not only to a smaller amount. In-ground oil is expected to be depleted at the end of that time.
To combat the implications indicated by the bleak outlook for oil production, Syria is seeking international investment to increase gas production. This gas is not planned for
export, but rather for internal use for power generation. The state-owned oil company has had some success in promoting this plan for gas development. In 2001, "Conoco and
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