TotalEnergies, ConocoPhillips and QatarEnergy signed an MoU on 12 May with the Syrian Petroleum Company (SPC) to explore the country’s newly-delineated Block 3 off the coast of Latakia. The agreement underscores the successes that the new Syrian government has had in attracting investors into its energy sector after more than a decade of civil war.
SPC CEO Yousef Qablawi had told MEES in February that he expected to sign the deal with the French major and QatarEnergy soon (MEES, 13 February), but did not mention ConocoPhillips as a potential partner in the project. The US firm had previously been linked to just onshore opportunities in Syria. (CONTINUED - 777 WORDS)
