Chevron has signed an initial agreement with the Syrian Petroleum Company and UCC Holding to evaluate offshore Syria oil and gas exploration.
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Chevron
has signed a memorandum of understanding, or an initial agreement, with the Syrian Petroleum Company and the Qatari firm UCC Holding to evaluate the exploration for oil and gas offshore Syria, a spokesperson for the U.S. major said on Wednesday.
Syria’s coast in the eastern Mediterranean lies between major gas discoveries in Israel and Egypt.
Chevron already operates the giant Leviathan gas field offshore Israel, the country’s largest energy asset.
The US major has signed an HOA with Baghdad covering four exploration blocks and an oil field development, several years after…
State oil boss says Chevron, ConocoPhillips, TotalEnergies and Eni are interested in exploration
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Investors should buy shares of Chevron as the company’s exposure to the Middle East is relative to rivals, according to HSBC.
With the Hess merger now finalized, Chevron has put to rest years of uncertainty about its long-term value proposition.
US major says it is negotiating for West Qurna 2, which produces 10% of Iraq’s crude
