Contribution of the oil sector to the Syrian economy

Building a knowledge based economy using oil wealth is clearly possible.

Russia s economy is more dependent on gas and oil than ever before.

In a non oil economy, labor is the main engine of wealth.

High oil prices kept Russia's economy and common people's income growing rapidly.

Instability has the potential to keep oil prices high, benefiting the Iranian economy.

Olive and olive oil production is particularly important for the economy of the region.

The global economy and the US economy, in particular is growing faster than expected, and world oil prices are above 100 per barrel.

First, Russia is failing to diversify its economy rapidly enough. Oil is a mixed blessing.

Its economy has boomed thanks to oil and gas exports, not to healthy market developments.

The recovery of oil prices after 2001 boosted the Venezuelan economy and facilitated social spending.

Saudi Arabia has an oil based economy with strong government control over major economic activities.

Before we used to just budget on whatever oil we bring in, because oil is the biggest, most revenue earning sector in the economy 70 percent of our revenues come from oil.

One might think that a country that owns foreign oil can use the profits from sales to insulate its economy from high world oil prices.

While the sharp rise in oil prices during 2004 led to windfall revenues for oil exporting countries, its impact on the global economy was limited.

But if growth is likely to accelerate next year in oil consuming economies such as China, what explains plunging oil prices? The answer lies not in China s economy and oil demand, but in Middle East geopolitics and oil supply.

Oil, it seems, will not only transform Brazil s economy, but its very role in the world.

The US economy has been taken over by billionaires, the oil industry, and other key sectors.

Over the past 20 years, oil functioned as a type of life jacket for Mexico s economy.

Until the second half of 2008, Sudan's economy boomed on the back of increases in oil production, high oil prices, and large inflows of foreign direct investment.

like dumping 200 million gallons of oil into the Gulf of Mexico, or torpedoing the global economy.

In this eight year period, 1977 to 85, when we last paid attention, the economy grew 27 percent, oil use fell 17 percent, oil imports fell 50 percent, oil imports from the Persian Gulf fell 87 percent.

Since the discovery of North Sea oil in Norwegian waters during the late 1960s, exports of oil and gas have become very important elements of the economy of Norway.

Consequently, for the time being the US economy has been able to pay the oil tax imposed by speculators.

But in most developing countries, such a policy is viewed as using oil money to help someone else's economy.

Even if America were 100 independent of Middle East oil, a reduction in supply of Middle East oil could have devastating effects on the world price and on the American economy.

WASHINGTON, DC Over the past eighteen months, oil prices have more than doubled, inflicting huge costs on the global economy.

But the global economic crisis has weakened Russia s oil economy, shattering the KGB s dreams of a return to superpower status.

President Ahmadinejad changed almost all of his economic ministers, including oil, industry and economy, since coming to power in 2005.

So 40 years hence, when you add it all up, a far more mobile U.S. economy can use no oil.

The United States, for example, can completely eliminate its use of oil and rejuvenate the economy at the same time,

In this energizing talk, Amory Lovins lays out his simple plan for weaning the US off oil and revitalizing the economy.

When oil prices collapse, as they will at some point over the next few years, Venezuela s economy will collapse with them.

The last decade witnessed staggering increases in oil prices coupled with the fall of copper prices, which adversely affected the economy.

Let's think about it. The demand for oil is, you know, probably going to depend on the size of the economy.

And so therefore you'd expect since the economy tends to go at a fairly constant rate, you'd expect, you know, the demand for oil, the total supply of oil to probably slope up, right?

Unlike its Persian Gulf neighbours, Bahrain has little oil wealth and the economy has expanded into banking, heavy industries, retail and tourism.

The loss of oil revenue and the disruption of trade with Iraq had had a very adverse impact on the Jordanian economy.

During the course of its development in the 1970s and early 1980s, the Syrian economy was reliant on external assistance. Since the early 1990s, it has been reliant on the export of crude oil. The tables below show the extent to which the oil sector contributes towards the Syrian economy.

Furthermore, China s fears that hostile naval forces could hold its economy hostage by interdicting its oil imports have prompted it to build a massive oil reserve, and to plan two strategic energy corridors in southern Asia.

Ample evidence demonstrates that no country has ever been able to develop a strong and fair economy based on mineral or oil exports.

The role that high oil prices played in the summer of 2008 in tipping the global economy into recession should not be underestimated.

In addition, despite reforms in recent years, the non oil sectors of the economy are not yet a viable alternative source of growth.

Olive oil, pickles! Olive oil, pickles!

Refined olive pomace oil oil obtained by refining crude olive pomace oil.