AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)

DAMASCUS: Syria on Monday allowed factory owners to import fuel for three months, state media said, in a bid to lessen a combustibles crisis gripping the war-torn country.

The government has traditionally been the sole importer of oil and its derivatives, but has been facing a flurry of international sanctions since the conflict started in 2011.

"A decision has been issued to allow industry chambers and industrialists to import fuel and heating oil by land and sea for three months," state news agency SANA said.

It aimed to "meet industrial needs, support the supply of oil derivatives, secure extra quantities to ensure production continues and to meet citizen needs", it said.

Syria has in recent months suffered a fuel crisis that has seen a spike in the price of heating oil and long queues for much demanded cooking gas.

Minister of Petroleum and Mineral Resources Ali Ghanem has blamed the crisis on "unilateral economic measures" imposed on Syria.

Analyst Shadi Ahmed said the measure announced Monday was positive.

"It establishes a sort of partnership between the public and private sectors to secure basic needs," he told AFP.

"We are betting in Syria that the way to avoid the economic blockade is to get the clogs of the economy turning," he said.

The war is estimated to have set Syria's economy back by three decades, destroying infrastructure and paralysing the production of electricity and oil.

The Damascus authorities estimate losses in the oil sector since the start of the civil war at $74 billion.

After a series of victories against rebels and jihadists since a Russia military intervention in 2015, the regime now controls almost two-thirds of Syria.

But the country's main oil and gas fields remain out of government control in the northeast of the country.

Copyright AFP (Agence France-Press), 2019
 

 

 

Comments

Comments are closed.