South Korea expects North to hold new nuclear test by end of MarchWorld March 24, 7:20
Russian-US experiment to simulate outer space mission named SIRIUSScience & Space March 24, 6:20
ZA Sport becomes Russia’s official Olympic kit brandSport March 24, 4:28
Police searching for another suspect in Russia’s ex-MP murder in KievWorld March 24, 2:45
Fourth victim of London attack dies in hospital — policeWorld March 24, 2:42
Ammo depot fire in Ukraine no threat to EU gas transit — companyWorld March 24, 2:40
Putin pleased with acting at Moscow's Maly drama theaterSociety & Culture March 23, 23:35
Former Russian MP killed in Kiev, killer dies in hospitalWorld March 23, 23:32
Russian philanthropists get highest French award for thier art donationSociety & Culture March 23, 23:26
CAIRO, December 24 (Itar-Tass) — Syria was forced to cut oil production by a third as a result of imposed world sanctions by the international community, said here on Saturday Syrian Minister of Petroleum and Mineral Resources Sufian Allaw.
“We have slashed down oil production by 30-35 percent,” he noted at a meeting of Arab oil ministers, adding that Syria now recovers up to 260,000 barrels daily.
Late in November, the US and European Union decided to ban export to Syria of oil and gas equipment, trade in state bonds of that country and sale of software to it as well as black-listed some of its state companies. Western countries also agreed not to issue easy credits to Damascus.
The Arab League Council of Foreign Ministers approved imposition of sanctions against Syria on November 27. The package of restrictions provides for a stoppage of air services with Syria, suspension of all operations with the country’s Central Bank and Commercial Bank, freezing of financial assets of the regime, investment projects and commercial contracts with the Syrian government, apart from those dealing with deliveries of strategic goods.