Syria Looks to Offshore Oil and Gas for Economic Renewal

Damascus witnessed the signing of a memorandum of understanding between Chevron and the Qatar-based company Power International Holding on February 4. The goal of the new agreement is to push forward with the “development of the country’s first offshore oil and gas field,” Syrian state media SANA said. US special envoy to Syria Tom Barrack wrote that he was “honored to witness Syria’s historic milestone for offshore gas exploration.”






