Dardari: Government will review derivatives policies.. linked prices of energy and oil derivatives in Syria to world prices.

Deputy Prime Minister for Economic Affairs Abdullah Dardari revealed that Syrian Government will review the policies as energy derivatives committee in the cabinet was formed for this purpose and based Committee to the general principle on this issue is to fix the prices of oil derivatives in Syria at world prices.

Dardari said during an Economic presentation at the Parliament on Wednesday that the prices of petroleum products in Syria, according to this principle will be reduced if world prices fell and rise automatically with the rise with monetary compensation to citizens on the prices of derivatives instead of diesel-backed vouchers that have proven failure, and taking into account the cost of diesel for farmers in agricultural subsidies to fund up a farmer to be able to cover the cost of the real price of FUEL OIL in the Syrian economy.

 
He noted that these fundamental principles allowed long-term stability and reached the target groups already support in cash and always remain in the state budget surplus in addition to the deal that it would allow the Syrian economy, efficiency in terms of consumption and production with real energy prices.
Dardari expected to see two years / 2009 / and / 2010 / increase in the production of crude oil and natural gas.

 
government economic sources ruled out by the Government to reduce the prices of petroleum products locally after the fall in oil prices in global markets.

 
The sources said that the government continues to support the prices of oil derivatives in the Syrian market and prices below world levels.

Syrian government raised the prices of products with the rise of world oil prices, rising oil prices to more than 147 $ last July, but oil prices have since retreated to around 56 $ a barrel, the government didn’t seek to reduce prices locally.

 
Syria Oil