Syria has given an exclusive tax exemption to Iranian fuel imports until the end of June 2013.
The SANA news agency reported that the Syrian cabinet passed the tax exemption on Tuesday April 2.
Syria’s domestic oil production has in the past met its national fuel needs; however, the unrest in the past two years has resulted in a severe decline in Syrian’s oil and gas production.
According to AFP, at the beginning of 2011 Syria was producing 400,000 barrels of oil per day, which has been reduced to half that amount today.
In addition to international sanctions on Syrian oil and oil derivatives, some of Syria’s oil-rich regions are now under the control of opposition forces.
