"Syria's Deir Az Zor is rich in oil. But the eastern province has been devastated by years of civil war. After nearly 14 years of civil war, Syria's economy is in tatters. Its infrastructure is in ruins. The nation's new leadership faces the daunting challenge of rebuilding it. The government is betting heavily on foreign investment to jump-start growth. And some of the Western sanctions are eased."
"The oil industry once a major source of revenue could play a major role. Most of the oil fields are concentrated in Deir Az Zor, in eastern Syria, but many of them are not under government control. And the province faces the sheer scale of destruction. Plus, the cost of Deir Az Zor's oil spills."
Syria's economy has been devastated by nearly 14 years of civil war, leaving infrastructure in ruins and imposing massive reconstruction needs. The nation's leadership plans to rely on foreign investment and has eased some Western sanctions to attract capital. The oil industry, once a major revenue source, could significantly contribute to economic recovery. Most oil fields lie in Deir Az Zor in eastern Syria, but many fields remain outside government control and the province suffers extensive destruction. Environmental and economic costs from widespread oil spills add further burden to recovery and redevelopment efforts.
Read at www.aljazeera.com
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