Doha [Qatar], May 13: QatarEnergy signed a memorandum of understanding with TotalEnergies, ConocoPhillips, and the Syrian Petroleum Company for cooperation in oil and gas exploration offshore the Syrian Arab Republic.
The agreement covers technical review by the partners to evaluate the potential of Block 3, offshore Syria, and sets the framework for further technical and commercial discussions.
Minister of State for Energy Affairs and the President and CEO of QatarEnergy HE Saad Sherida Al Kaabi, the, witnessed the signing, which took place at QatarEnergy's headquarters with the attendance of a number of senior executives from QatarEnergy, TotalEnergies, ConocoPhillips, and the Syrian Petroleum Company.
Commenting on the signing, Al Kaabi said, "This agreement reflects QatarEnergy's continued international growth strategy and its efforts to explore upstream oil and gas business development opportunities in the region andglobally."
Al Kaabi said, "We are pleased to partner with the Syrian Petroleum Company to explore potential opportunities that can support growth and prosperity for the people of the Syrian Arab Republic.
"We look forward to working closely with our international partners, TotalEnergies and ConocoPhillips, as well as other relevant stakeholders to assess this opportunity."
Block 3 lies in the Levantine Basin in the eastern Mediterranean waters offshore the Syrian city of Latakia with water depths ranging from 100 to 1,700 meters.
Source: Qatar Tribune
