“QatarEnergy has signed a memorandum of understanding (MoU) with TotalEnergies, ConocoPhillips, and the Syrian Petroleum Company for co-operation in oil and gas exploration offshore Syria. 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. His Excellency Saad Sherida al-Kaabi, the Minister of State for Energy Affairs, the president and chief executive officer of QatarEnergy, 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. “This agreement reflects QatarEnergy’s continued international growth strategy and its efforts to explore upstream oil and gas business development opportunities in the region and globally,” according to al-Kaabi. Block 3 lies in the Levantine Basin in the eastern Mediterranean waters offshore the Syrian city of Latakia with water depths ranging from 100m to 1,700m. “We are pleased to partner with the Syrian Petroleum Company to explore potential opportunities that can support growth and prosperity for the people of Syria. We look forward to working closely with our international partners, TotalEnergies and ConocoPhillips, as well as other relevant stakeholders to assess this opportunity,” al-Kaabi said.
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