Syria has significant reserves of undiscovered oil and gas and plans to award exploration licences to Chevron, ConocoPhillips, TotalEnergies and Eni, according to the head of the country’s national oil company.
“Maybe more than a quarter, or less than a third, has been explored,” Youssef Qablawi, chief executive of the Syrian Petroleum Company, told the FT. “There is a lot of land in the country that has not been touched yet. There are trillions of cubic metres of gas.”
Chevron and Qatar’s Power International Holding last week signed an agreement to explore an offshore block and were expected to begin work “within two months”, Qablawi said.
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