The logo of Chevron is seen astatine the company's bureau successful Caracas, Venezuela April 25, 2018.
Marco Bello | Reuters
Chevron has signed a memorandum of understanding, oregon an archetypal agreement, with the Syrian Petroleum Company and the Qatari steadfast UCC Holding to measure the exploration for lipid and state offshore Syria, a spokesperson for the U.S. large said connected Wednesday.
Syria's seashore successful the eastbound Mediterranean lies betwixt large gas discoveries successful Israel and Egypt.
Chevron already operates the elephantine Leviathan state tract offshore Israel, the country's largest vigor asset.
In 2013, a Russian company, Soyuzneftegaz, signed a woody to research offshore Syria but the task was dropped 2 years aboriginal amid years of a raging civil warfare successful the country.
The bulk of Syria's lipid accumulation comes from onshore fields successful the northeast, specified arsenic the Al-Omar field.
UCC Holding is simply a portion of Qatari-based Power International Holding, according to its website.
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