Syria says oil output cut by third due to sanctions
Syrian Oil Minister Sufian Alao said on Saturday that his country's oil production had fallen by about 30 to 35 percent as a result of sanctions imposed on Syria over its nine-month crackdown on anti-government protests.
The European Union has stepped up its sanctions against Syria's oil industry, including blacklisting state-owned firms. The Arab League has also imposed sanctions on financial and other dealings with Syria. (Reuters)
