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CNN reported today that ISIS has taken over six Syrian oil and gas fields, as well as al-Omar, “Syria’s largest oil facility that can produce 75,000 barrels of oil a day.” Pakistan’s Dawn News reported that one of the oil fields taken over was Tanak, located in the Sheiytat desert area in the east of Deir Ezzour province, according to the story.

According to an EIA report dated Feb. 14, 2014: “Syria, previously the eastern Mediterranean’s leading oil and natural gas producer, has seen its production fall to just a fraction of pre-conflict levels. Syria is no longer able to export oil, and as a result, government revenues from the energy sector have fallen significantly. Prior to the current conflict, Syria’s oil sector accounted for approximately one fourth of government revenues.

“As of January 2014, Syrian officials reported the overall economic losses from the conflict reached more than $20 billion. Of that total, estimates from mid-2013 indicate that the losses from the hydrocarbons sector have topped $12 billion, from both direct causes (damage to infrastructure, spillage, and theft) and indirect causes (lost exports). According to the Syrian government, damage to the country’s energy infrastructure and spilled or stolen oil and natural gas cost the country approximately $1 billion through the end of July 2013,” the report said.

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