coastal bet

Syria taps Chevron, Qatar for offshore oil and gas exploration

The deal builds on Chevron’s growing Mediterranean portfolio, which includes the newly approved expansion of Israel’s Leviathan gas field

The new Syrian government regained control last month of its Al Omar oil field

Chevron signed a preliminary agreement with Syria’s state-owned oil company and Qatar’s UCC Holding to study prospects for finding offshore oil and gas as the country tries to rebuild its economy from 14 years of civil war.

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