Croatia's oil company INA is cutting down production in Syria by 1,500 barrels a day, adapting its average daily production to the European Union's decisions last week introducing tighter sanctions against Syria.
INA recalled in a statement that the Council of the EU adopted decisions on tighter sanctions against Syria and banning the purchase, import and transport of Syrian oil to the EU as well as financial or insurance services for such transactions.
INA said it would continue following developments regarding Syria and inform the public.
The Croatian company drills on two locations in Syria - Hayan and Aphamia - mainly producing natural gas and crude oil and condensate.
In the first six months of this year, INA's hydrocarbon production was 76,223 barrels of oil equivalent daily and in Syria the expected average daily output, in normal operating conditions, was 22,000 barrels of oil equivalent.
