Fossil Energy – Syria
Chevron has signed a Memorandum of Understanding with the Syrian Petroleum Company and the Qatari firm UCC Holding to evaluate exploration for oil and gas offshore Syria.
Syria’s coast in the eastern Mediterranean lies between major gas discoveries in Israel and Egypt.
Chevron already operates the giant Leviathan gas field offshore Israel, the country’s largest energy asset.
In 2013, a Russian company, Soyuzneftegaz, signed a deal to explore offshore Syria but the project was dropped two years later amid years of a raging civil war in the country.
(Reuters)
