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Syria Cuts Oil Production after EU Embargo


(Financial Times-Washington Post) Javier Blas - Syria has told foreign oil companies to cut production as a backlog of crude fills its storage capacity because the government has been unable to bypass an EU embargo on exports. Before the ban, the EU bought 95% of the country's crude exports. However, not a single cargo of Syrian crude has left the nation's main export oil ports this month, according to shipping data.
2011-09-27 00:00:00
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