and thus avoid the economies of these countries, but the world, a financial crisis, the problem is much larger than the capacity of the European Central Bank to deal with Sovereign debt of some member states, the Republican and Democratic leaders of the two parties in the United States an appropriate solution to deal with Sovereign debt ceiling of America, especially with bullying “Tea Party” to dominate the Republican Party in the Congress ideology and the opposition to any increase in the influence of the federal government.

The problem is bigger than that, is the emergence of countries (developing countries) with significant economic power it can compete with the Western countries. The problem also lies in the extent of the peoples of the Western countries to continue spending on high standard of living and costly in light of the competition faced by less expensive, and thus the possibility of continuing the “Bretton Woods”, which was set up after the second world war.

It will continue this global economic system without major changes? There are serious doubts, as should the economic system to continue in its performance to take into account the new on the international scene and succeed in avoiding crises.

It depends on the historic developments and political future, including competition between states or conflict with each other.

From this point of view, it will continue the oil countries, focused on the export of hydrocarbons money, or will start to play a bigger role on the level of the world economic system? There are questions raised in this area, including for example, can the oil countries to find an advanced position in the new world economic order, where change the balance of power between the industrialized Western states and emerging States (China, India, South Korea and Brazil).

Can to create for itself, economically and politically in the balance of power, the new without large-scale internal changes, especially in the diversification of economic resources, and the education of young people through the creation of productive employment them with adequate, as well as through the civil society more dynamic and freedom, and to seize this opportunity to build new communities where a culture of all citizens without discrimination, including social and religious and sectarian citizen, we will remain the prisoners Accumulated and Destructive of our societies?” That the role that states that oil  in the new system will not only stems from its oil or oil proceeds.

 Without fundamental changes in the fields of politics, economy and social relations, will these countries living on depletable wealth plays a complementary role to others based on creativity of other states. Oil countries have benefited from oil jump in the early 1970s, but can move to a higher stage in the future? There are two states could oil in to change the weight of economic role and its importance in the world.

First: through rational internal policy, in particular in the liberation of the people from the heavy historical burden, and hence in the opening the door just to compete with the other peoples. We recall here that we have been able, despite all the problems, the establishment of oil and petrochemical industry, competition. Gradually it is possible the establishment of other related industries to compete globally. Another area is to expand the role of oil in the world. It can achieve this by exploiting the obtaining waivers over the past fifty years, the active role of the “OPEC”, a greater role on the economic level, the world is more than just focus on oil production policies.

This is not the new of such organizations, the International Energy Agency has developed from the womb of the Organization for Economic Cooperation and Development.

But to continue the approach we are now doomed to failure, because he cannot competition oil out of the box.

Of course, is the question to know indicators the changes taking place internationally, which will change the global economic system, especially with the economic power of the United States, and the dollar in the financial markets, the globalization of the world economy means first of all anything, competition among industrialized countries, that is, the production of the same quality and less, and to the world. No need to mention the figures here.

As the consumer can in various parts of the world to recognize the result through تسوقه on a daily basis.  Chinese goods dominated the market, produces Chinese companies or international (investing in China to take advantage of the huge market in addition to export to take advantage of cheaper labour relatively).

That the industries to China and other emerging economies means that western countries are focusing on more and more services and, in particular, the banking and financial sector, which grew from without strict monitoring. These banks were granted millions of dollars a year for its staff, even in case of loss, as well as speculation evacuated market the supply and demand of hard currencies and basic commodities, the damage to the global economy.

That the change in the developing countries is not without obstacles. Therefore, the ability of these states to assume the status of an important new world economic balance will not come easily, but the internal and external obstacles (for example, there are, the problems of abject poverty, rural-to-urban, political systems in the developing countries in light of the economic and social burden), there are also military conflicts, and they are many, the most important of which is the conflict between North and South Korea and the two countries and their neighbours, not to mention the others may have to impose the state to the other, post-conflict economic, which started out already

study prepared by two engineers from GPC added that it is also by the effects of the crisis three companies could not complete the from its excavation to the lack of financial liquidity necessary despite the completion of key phases in these programs.

It also resulted in financial difficulties resulting from the crisis to forge new partnerships and mergers of many companies in the exploration in Syria, got about 7 cases of concessions and sale of the shares in these companies to address the funding crisis.

about the impact the petroleum refining industry, the study shows that Syria plans to build new refineries, and in response to the growing demand for energy, as study suggests the growth of gross national product in Syria that the demand for petroleum products will increase by 9% per annum for the period between 2007 and 2015 and by 3% per annum for the period between 2015 and 2030.

Study said that circumstances of the crisis led to a slowdown in the implementation of these projects due to the reasons for the difficulties of securing the necessary funding and economic feasibility, and one of these refineries had planned established in cooperation with Kuwait’s Nour, who withdrew because of the large volume of funds required for investment, which no longer easy decision to invest in the current circumstances.
syria-oil

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Although this has not materialized as had been expected director of Shell Syria, despite its Arab gas pipeline from the undeniable benefits but they do not live up to the expectations of the advantages of geographical location, but that does not mean the absence of its importance and economic viability and energy to Syria and other neighboring countries ..

Perhaps what underlines the importance of Syria seeks to earn a break this project into being, from infrastructure and regional and international conventions, are …

The first command and is in the absence of any channel for the transfer of gas from the Gulf to Europe, as well as the continued weakness of such a channel between the countries of North Africa and Europe across the Mediterranean, which means the continuing need for the presence of Syria on a map of the transit gas.

Second, and with the reality of the production and use and marketing of natural gas in Syria and its needs and uses of the growing and projects Syrian ambitious in this area, for example, classified Syria as well as Bahrain Kodaf state between ten Arab countries in terms of production of natural gas liquids, as the volume of production during the past four year period from 2005 and until 2008 about 10 thousand barrels per day, while Saudi Arabia ranked first by 1.4 million barrels per day, Algeria is second with almost 357 thousand barrels per day, Qatar and III at about 349 thousand barrels.

It is also for natural gas marketer Arabs and the world, the order of Syria between those countries come in far behind, moving up to both Tunisia and Iraq (which has special conditions imposed by the U.S. invasion), where the data confirm the Arab official that the quantities of natural gas Syrian Marketer Report In 2008 about 5.5 billion cubic meters per year, while Algeria came first by about 86.5 billion cubic meters, Saudi Arabia, with about 80.4 billion cubic meters, and Qatar at 76.9 billion cubic meters.

This confirms that the need for Syria the importance of the discovered reserves, increasing by two years, the high and increasing investment activities in Syria, and the multiplicity of aspects and areas of development in the use of gas and electricity and the services sector and industry, and therefore, in deference to the growing need not only be accelerated the process of turning Syria into a strategic corridor of gas to be reckoned with in the global energy trade.

As oil and natural gas are major exporters of energy invested in Syria, the company is currently working with the normative on the modernization of equipment owned by the excavators and mechanisms of quality, engineering and replenished with new equipment and sophisticated in order to increase geological reserves of oil and gas reserves to supplement the current in Syria and increase yields of recoverable fields currently invested.

 
The company stresses that the most important objectives in the current phase is the rehabilitation and resettlement of the technical staff, develop and maintain technologies to keep pace with technical and scientific modern and creating appropriate conditions for it to engage effectively in the areas of scientific research so that future challenges facing the company successfully and achieve its objectives.

 
The company had concluded three contracts for the development of oil and its production by a contract with China National and two with Dublin in order to implement methods of production Enhanced Oil and others to raise the achievement of layers produced in the regions for decades and established companies providing oil services company (Ebla), a joint venture with ” Emek, “Egyptian and Palmyra company, a joint venture with a company / Orient / in order to provide services and engineering of drilling fluids and services borehole measurements.

 
The company is conducting geophysical surveys by the two divisions, the Task Force Survey two-dimensional and three-dimensional survey, where the company has achieved through the exploration of the many new discoveries in the areas of al-frqls – al-arc – East al-jbsih have been drilling a total of / 163 / meters linear through the number of wells in 2008 / 82 / exploratory and productive wells.

SPC implemented its annual plan of oil production in 1st half of this year with 100% average for quantities byproducing 5138030 ton (35537401 barrel) compared with 5147091 ton ( 35783092) barrel was planned so that the company’s daily production is 197430.

The implemented quantity of oil production includes 4942082 ton ( 34057971) barrel of heavy oil and 195948 ton ( 1479430 barrel of light oil .

The company met its digging plan by 97 % by exploration digging 14978 meter compared with 12600 meter was planed . the implementing average of exploration digging 119% . Company’s sources said that the increase in implementing average was due to the diggers EDICCO , EDGE and 3 that work in exploration and not in production.

The company’s production of Gas was 2920236 thousand cubi meter both accompanied and free compared with 2796133 cubic meters planned with implementing average by 104% ( 706573 thousand cubic meter of them is accompanied ,implementing average 93% and free 1086928 thousand cubic meter with implementing average of 114%. Free gas from Attabia field 1126735 thousand cubic meters with 104 % implementing average. The increase in implementing average was due to the demand of consumers.

The Export : the company achieved its annual plan in this area by 102 % for quantities of heavy oil by exporting 3122733 ton compared by 3075279 ton planned with 104 % implementing average . the light oil exporting was 578416 ton compared by 433283 ton planned with implementing average by 133% for quantities and 120 % for value . The increase in implementing average was due to International oil high prices .

Syria-oil

Syria has never been a huge oil producer, with output peaking in the late 1990s at close to 600,000 barrels a day, then dwindling to below 400,000 today. That is just a trickle for giants such as Exxon Mobil Corp. and BP PLC, which are watching for openings in super-producer Iraq next door.

Still, Syria’s location on the Mediterranean and its relatively unexplored geology make it a potentially profitable frontier for smaller international companies. Mtanios Habib, a former Syrian oil minister, says the country holds significant potential, including oil-sands reserves on the Jordanian border. He says 40% of Syria’s land hasn’t been explored.

The country’s near-pariah status in recent years kept out most companies. Now, improved relations with Washington and other Western capitals, along with recent oil discoveries, are fueling hope that foreign companies might help to revive the industry
In August, Gulfsands Petroleum PLC of London began production of 16,000 barrels a day at one of its recent discoveries, at the Khurbet East field, in northeast Syria. The company says it expects to ramp up production to 35,000 barrels a day by the end of next year.

“In terms of Syria being finished, we’ve proved otherwise,” says Mahdi Sajjad, Gulfsands’ co-founder and general manager.

Gulfsands bet big on Syria when most other companies shied away. The company made its Khurbet East find in 2007. That year, it entered a strategic partnership with Cham Holding, controlled by tycoon Rami Makhlouf, a cousin of Syrian President Bashar Assad and a target of recent U.S. sanctions.

In November 2008, Gulfsands made a second discovery in the northeast. Executives say they believe that find could hold commercially extractable reserves of 12 million barrels.

Syria needs the foreign know-how. Oil accounted for 17% of government revenue in 2007, according to the International Monetary Fund. But short-term Syrian forecasts predict steep declines — as much as 25,000 barrels a day of lost production each year — if new fields aren’t found or extraction technology isn’t improved.

Since 2000, Damascus has opened up swathes of the country to exploration by foreigners, and Chinese, Indian and Russian companies have entered the market.

The state Syrian Petroleum Co. has a longstanding joint venture with a unit of Royal Dutch Shell PLC, India’s Oil & Natural Gas Corp. and China National Petroleum Co.

U.S. economic sanctions, imposed in recent years because of Syria’s support of militant groups Hezbollah and Hamas, impede any meaningful oil-industry work by U.S. companies.

This summer, however, the Obama administration said it would make it easier for Syria to import items such as aircraft parts and other technology. Washington also has agreed to reinstate its U.S. ambassador.

Meanwhile, European nations, including France, have warmed to Damascus after Syria appeared to support political détente among Lebanon’s squabbling factions.

“Under the current sanctions in place in Syria, it would be close to impossible to have any American oil company work in that country,” said Ray Irani, chairman and chief executive of Occidental Petroleum Corp. “If the political situation changes, that would be a different story.”

Wael Tabbaa, chairman of Petro Services, a privately run Syrian oil-services company, says Western companies could be drawn into Syria if sanctions are eased.

“There are still 400,000 barrels per day, and that’s still a lot of work,” Mr. Tabbaa said.

 However, the recession happening in the oil sector in Syria is not new and not caused by the oil boom in the world, but it has continued over the past decade, the decline in oil production has kept real GDP growth oil up to a negative 3,6% – annually during the past five years.

 
In 2008 production was estimated Syria’s crude oil by about 390,000 barrels per day, while the estimated total production of petroleum liquids, which includes crude oil and natural gas liquid is around 450,000 barrels per day.

 
Oil production has declined gradually and is not expected never to rise in the near term. But at the same time, it is expected that demand will rise by 4% to 5% annually over the next two years, making Syria increasingly dependent on oil derivatives. In fact, Syria became a net importer of oil in the past two years, which consumed 256,000 barrels of oil per day in 2008 according to information management of U.S. oil (Us Energy Information Administration) and the value of imports of oil and gas about 5,656 million dollars in 2008, while exports amounted to 5,608 million dollars, according to statistics Central Bank of Syria. The oil revenues entrusted to constitute the largest share of public revenues is only about a fifth of the income the state today.

 
oil reserves in Syria Started to carry out gradually and reached in January 2009 about 2,9 billion barrels, equivalent to half of the oil reserves in Oman, and 3% of the reserve Kuwait according to the Bulletin of oil and gas (Oil and Gas Journal) and therefore, efforts are geared Syrian towards a more efficient use of oil in addition to the use of gas and oil imports from neighboring countries. On the other hand, began production of natural gas appears as an opportunity for the future.

Syria hopes to benefit from its strategic location as a transit point for Egyptian natural gas, and Iran and Iraq. It will ensure that availability of natural gas and it would benefit from transit revenues.

Total daily production of gas about 20,7 million cubic meters in 2008 and arrived in the first quarter of 2009 to 21,6 million cubic meters while the capacity reserves of about 8,500 billion cubic feet (240 cubic km) and the Syrian government has begun work with a global energy company in order to become an exporter of gas, despite the fact that all the gas currently being produced is consumed at home, and Syria imports about 5 billion cubic feet of natural gas from Egypt via the Arab gas pipeline and are moving to Lebanon and Turkey. It is also currently considering the issue of increasing the volume of exports of Egyptian gas to 35 million cubic feet per day to the Lebanese market and, consequently, raise transit fees.

 This and the conclusion of similar agreements with Iraq, as countries began research since February 2009 in the establishment of a new line of natural gas as well as Syria signed in April 2009 cooperation agreement with Iran in order to create a natural gas pipeline between the countries can arrive to Europe.
In fact, in light of the good flow of foreign investments, taking into account the political isolation of Syria is witnessing the Hydrocarbon sector improvement. How the regulatory environment is evolving as a new legislation in February 2009 to review the drafting of new laws in the construction sector and the imposition of more efficient use of energy and reduce consumption. Also issued two decrees in the other end of the month to create two new bodies Taatakaflan organized sectors of exploration and refining and in order to re-organize and separate the function of systems and processes. And will be the establishment of the General Corporation for Oil Refining and distribution of petroleum products to be responsible for companies operating refineries in Syria and refining of petroleum products distribution company.

 
The oil refining sector in Syria in case growth is also, Syria has two refineries with a capacity to total governmental organizations about 240,000 barrels per day to produce heavy derivatives only. According to the press and local media, the refineries refine crude oil and filter and light products that meet European standards for imports of fuel as well as concluded that the Syrian Oil Ministry signed a contract with China, China National Petroleum Corporation, to establish a refinery in east Deir al-Zour by the year 2011, for refining heavy crude oil and other types. And has a capacity of about 100,000 barrels per day were also signed a contract with Iran, Venezuela and Malaysia for the establishment of a refinery in Frqls (near the northern city of Homs) and has a capacity of about 140,000 barrels a day.

 
The oil sector in Syria is no longer the primary engine of the Syrian economy, especially in light of recent global developments and the expected entry into force of the oil reserves at the end of the next decade. But the Syrian authorities seem aware of the status quo and working to build on the strengths of others to take advantage of existing infrastructure for energy and the country’s strategic location and close to the States is more important to Syria for the production of hydrocarbon energy. At the same time, it is important to direct efforts and resources to other productive sectors could push forward the national development and be a protection of the retreat of energy in the long run.

 
Annual Economic Report of Bank Audi Syria

Analysts say measures agreed at Sunday’s crisis summit in Jeddah are unlikely to have a dramatic impact on market trends.

But what is keeping prices close to record levels of almost $140 a barrel?

WEAK US DOLLAR

The sharp jump in prices since 2005 has coincided with the plunge in the value of the dollar against other leading currencies
Dollar weakness encourages financial investors to look for other more lucrative investment opportunities, with oil top of their list
As oil is traded in dollars, it also makes it cheaper to buy
Signs the US economy may be on the brink of recession have undermined the dollar, boosting prices. Prices rose $11 on a single day last month when the unemployment rate rose
SUPPLY CONCERNS

Analysts say growth in global supplies is worryingly failing to keep pace with growth in demand
Supplies from countries such as Russia are thought to have peaked and finding new sources of oil is difficult and expensive
Increasing reliance on members of the Middle-East dominated oil producers group Opec, many of which are already pumping as much oil as they can
Saudi Arabia is one of few countries with spare capacity but it has been reluctant to boost output substantially
DEMAND GROWTH

Global thirst for oil is intense. Demand has risen by about 3 million barrels a day since 2005 and is expected to rise by 32 million barrels a day in the next two decades
The US remains the world’s largest oil consumer and high individual fuel usage continues to put pressure on crude stockpiles
Fast-growing China and India are forecast to account for 40% of the growth in oil demand by 2030, as industry grows and demand for travel increases
POLITICAL INSTABILITY

Much of the world’s oil is concentrated in volatile regions, leading to fears of frequent and unpredictable disruptions to supplies
Despite oil output being at a six-year high, Iraq is still beset by violence while militant groups in Nigeria’s main oil-producing region have recently impeded about a quarter of its output
Tensions over Iran’s nuclear programme. There are fears that an Israeli attack on Iran’s nuclear installations could trigger a wider conflict and threaten traffic through the strategically vital Strait of Hormuz, used to ship 40% of the world’s oil.
MARKET SPECULATION
Oil exporters say the price surge cannot be explained by the fundamental ratio of supply to demand and point their fingers at market speculators
It is claimed that some traders are making huge amounts of money betting on the direction of prices, in turn forcing prices higher
Others maintain that traders are simply hedging their investments against future market developments to reduce risk
US regulators are looking for evidence of market manipulation while the IMF is examining the role of traders in the price spike
BBC NEWS:

The report pointed out that there were strenuous efforts to implement plans aimed to raise the numbers of confirmed reserves of crude oil, natural gas and develop the discovered fields in production. The report indicated that oil and natural gas are the key resource of energy in the Syrian Arab Republic. 13 Arab countries in ESCWA are: Syria, Arab Emirates, Bahrain, Iraq, Oman, Palestine, Qatar, Kuwait, Lebanon, Egypt, Saudi Arabia and Yemen. The report estimated the geological reserve of natural gas of all kinds in Syria at about 705 billion cubic meters, while the production of disposable reserves of about 405 billion cubic meters. The report said that oil production peaked in 2004 at up to 600 thousand barrels a day, then began the gradual decline has reached 432 thousand barrels per day in 2005, while natural gas production has increased during this period until it reached to 24 Million cubic meters a day. According to the report, latest techniques are used in Syria in making studies about apt drilling fluids and appropriate conditions for drilling as possible by the application of exploratory programs that are implemented after the examination to obtain the highest rates of perfect in prospecting and exploration drilling, to achieve new discoveries of oil in 9 Structures and gas structures in 3. The report defined the streamline procedures and thermal electric power companies to produce oil and natural gas in Syria …, including: – - capacitors have been put on the electric grid to raise the power factor in order to reduce wastage in the network, it will also be installed capacitors plates 20. K V, switching centers in 20 KV. at major stations to limit the ability to improve individual and the power factor to the value of 93%, and is currently conducting economic and technical feasibility study for the replacement of old gas turbines, which reached age between 25 – 30 years in the company (Directorate fields Hasakah), and low-yield about 20% of violence Modern. — Is the replacement of equipment and electrical installations ancient art of the bad situation with modern equipment to reduce wastage in production due to electrical faults, and are working to buy 7 new rigs drilling rigs for the replacement of the old artistic bad situation that needed constant maintenance. — Rationalization of the energy system relies on periodic maintenance programmed, and periodic checks of such equipment consumption of energy, installation of ignition systems and firefighters modeled self-lighting, as well as systems using serial boot (soft star) of electric motors with great capacity. After the report pointed out programmes to improve maintenance systems for pumping crude oil and gas pumping systems…. Turning to measures taken to reduce leakage …report said: in 2004 in the number of cases of leakage in the company produced 464 Syrian oil spill and 16 gas leakage, and the total quantities of oil leaked 3,755 barrels (512 tons), equivalent to 17,5 units in each Leaked million units produced, and in 2005 there has been a clear improvement on the number of oil spills and has been assigned No. 416 leakage, and the total quantity leaked 2,925 barrels (345 barrels) and the ratio equivalent to 16,79 Leaked units per million units produced … and actions are taken to reduce the leakage …. Are: – - groups work daily tours of the maintenance of equipment on each surface wells and Sub-assembly plants, and the prevention of leakage of crude oil at these sites as possibilities by using ultrasound devices operate ultrasound to examine the production lines and detect corrosion places before diversion, and injection materials Chemical anti-corrosion inside production lines, the capital of wells, will also be withdrawn from the oil leakage sites. — Urea fertilizer is sprayed by hand with soil contaminated with oil, using a tractor ploughing in one direction only the first time in the process of mixing the good, and will be repeating the process of tillage, but the direction is contrary to cultivate the first time every week for a period of 4 weeks (including the process of mixing the first) or even Becomes the soil in good condition and soft, where results showed that 40% of the land where the grass grew the first year after this process with reference to the desert land. The report referred to the reduce of the quantities of natural gas burned on the torch . that the quantity of gas on the flame scorched decreased by 72%, from 3420 thousand cubic meters daily in 2003 to 952 thousand cubic meters per day in 2005…. This is due to the actions taken by companies…. As follows: – - been linked number of fields where it is produced accompanied gas , has been processing pipeline to link the field turning for investing approximately 200 thousand cubic meters per day, and thus reduced the quantity scorched to 452 thousand cubic meters per day, and become the proportion of the total 78% reduction As the rest of the quantities that are still burns are spread over a number of divergent fields ranging quantities of gas produced between 1500 and 20000 cubic metres per day which are currently subject to technical and economic studies of the possibility of linking them and benefit from them. — Was reduced to scorched quantities of the gas flame and the installation of petroleum vapour recovery unit at low pressure less than 0,5 Bar in both fields (al-omar and al-tank) have been hiring 4 compressors to work in two main stations. — The quantities of gas, which is still on the flame burns at about 7,6 million cubic feet per day (215 thousand cubic meters per day) from 6 stations, all of the lab not connected to gas for the distance over 70 kilometers.
By: Dawod Almani

that led to crises in the world banking sector, due to recession credit, which was caused by the collapse of the real estate market crisis of American and the attendant crisis of real estate loans in addition to the continuing rise of oil prices , which is close to $ 120 a barrel and continued high commodity prices due to climatic factors and causes of seasonal factors such as drought and diseases in addition to slow growth in global economy and deteriorating purchasing power of money linked to the dollar. Given this difficult reality there is no way of shed light on the economic impact of commodity and oil price developments on the Syrian economy and how to deal with these variables .. Using grain in biofuel production.
Dr. Matanius Habib, a former oil minister and professor of economics at Damascus University finds that raising price is a global phenomenon and not confined to Syria. it has only two main reasons first one is high oil prices, because oil is an essential material for production of all goods and services and thus it increased the cost of goods and services in the world, The second reason is the large military expenditures of United States would certainly affect the less goods production and supply on the world market and thus higher prices.
using grains in biofuel production, Dr. Habib continued ,could be a third factor, which increases grain farming to meet the needs of industrial fuel production but on the other hand diminish food supply in the market, and thus its prices decreased. “Mechanism Recent Market “.
Dr. Habib finds that in Syria, drought and the prices of foreign exchange over the cost of imported materials, whether they are simple materials for agricultural production or final consumption goods, where Moreover, Syria’s moving from centrally planned controlled economy to severe incomprehension of market economy because the government believed that market mechanism ensures a balance between supply and demand either by increase production or opening the economy to foreign imports. The recent market mechanism couldn’t move in the requisite speed, believing that the government eased up its interventions in the market for fear that would undermine the transition to a market economy and thus may be reluctant to business cycle in the development of the national economy for fear of state intervention.” Method of positive intervention ”
He added: “When the market mechanism was not effective the government moved to the positive intervention method which can be effective if official institutions import goods even they were competing for local production. the government has also taken measures such as raising the purchase price of wheat, barley, maize and cotton, that would stimulate agricultural and increases production which may slow the rise in prices,
Dr. Habib said that government should create a transitional stage for a longer time for transition from a planned economy to market economy. Rising prices reduce the volume of liquidity while Economic Advisor Dr. Khalid Zamil finds that despite all the attempts by the government to control prices but they Continued to rise, and this in turn will lead to negative effects not only on economy but on social and health as well as the administrative and productive level , what would have major implications if it continues, as the continuing increase in commodity and products prices which would aggravate the suffering.
Dr. Zamil said that loss the state of competitive advantage in attracting and business development, and local industries affected by foreign competition, weak and retreat of domestic and foreign investments in addition to the cost increase productivity and cost of development and management, and the emergence of problems and issues of economic and social negative imbalance of trade, is one of the reasons that led to the rise in prices Commodities. high commodity leads to reduce the volume of liquidity available to consumers and this leads to a change in the pattern of consumption of goods, including that inflation is expected to rise in the coming period due to the decision to lift the prices of fuels ,so the government must take precautionary measures to protect the groups most affected, he added.
Dr. Zamil find that provide direct financial aid to the poor workers and lessen taxes could be released over this matter. Indicates to the ways to cope with rising prices in the hands of the Syrian government, which owns some of the tools that enable them to reduce abuses happening in prices, through the revitalization of institutions consumer markets the balance of payments support through increased exports in addition to attracting investments and development downsizing of external indebtedness and to agree on a fair tax policy and reducing customs duties to reduce costs to importers who in turn, but rather to reduce the margin of profits. Pointing out that these solutions may be temporary and limited stage and therefore the objective analysis of the base of the Syrian economy will enable us to know the real reasons and then propose appropriate treatments accordingly. Neutralize the impact of rising oil prices, Dr. Ziad Znbuah professor of economics at Damascus University said that In the case of Syrian economy, we must distinguish between the four classifications of goods compared to a level of oil … including oil derivatives that have subsidized prices and administrative relations with market changes internally or externally on the one hand and considering that there are concentrated in oil imports in the one government institution and therefore full control over prices. on the other hand, to neutralize any effect could be reflected in the rise in world oil prices on domestic price levels and remains the only impact on the amount of support borne by the state of the global price differential on the price level. In terms of raw material prices had gone up … because the global boom and heightened demand , Including cement and iron.
as for food commodities we can not say that the rise in food prices that occurred recently due to external reasons , We have semi-Food self-sufficiency and what we import cannot be described as a big shortage in the market .A positive impact on domestic prices as the intensity of competition for local products led to lower prices and reduce some of the prices of others, The reason for the high prices of these commodities in the last year in particular, due to emergency periodical and climatic factors in addition to the high demand, we hope to be better next season.” Focus on high-yield crops”
al-thawra