Chevron Initiates Discussions With Syria Over Oil and Gas Exploration

Group 1 - Chevron Corporation (CVX) and the Syrian Petroleum Company are exploring collaboration on offshore oil and gas fields in Syria [1][9] - Qatar's UCC Holding is involved in discussions, having previously led a consortium that signed a $7 billion Memorandum of Understanding for power generation projects in Syria [2] - The Syrian civil war has severely damaged the country's energy infrastructure, with natural gas production dropping from 8.7 billion cubic meters in 2011 to 3 billion cubic meters in 2023 [3][4] Group 2 - Recent improvements in gas supply from Azerbaijan and Qatar are aiding Syria's energy recovery efforts [3] - The discussions with Chevron indicate Syria's commitment to rebuilding its energy sector with international partnerships [4] - The capital city, Damascus, has expressed intentions to increase its limited power supply [3]