Chevron Agrees to Explore Oil and Gas Work in Syria

New York Times - WorldCenter-LeftEN 3 min read 100% complete by Christina GoldbaumFebruary 4, 2026 at 07:38 PM

AI Summary

medium article 3 min

Chevron signed an initial agreement with Syria's state-owned oil company on Wednesday, February 4, 2026, to explore developing Syria's first offshore oil and gas field. The deal, which also involves Qatari company Power International Holding, aims to reinvigorate Syria's energy sector, which was devastated by a 14-year civil war and global sanctions. This agreement follows the Syrian government's recent seizure of key onshore oil and gas fields from a Kurdish militia. The U.S. special envoy for Syria, Thomas J. Barrack Jr, was present at the signing. Chevron hopes to expand its presence in the eastern Mediterranean and become a major gas exporter to Europe.

Key Entities & Roles

Key Player Opposition Context

Qatar 30% Thomas J. Barrack Jr 40% Novaterra 40% Youssef Qiblawi 40% Damascus 40% Tishrin oil field 50% Power International Holding 50% ConocoPhillips 50% Ahmed al-Sharaa 60% Syrian Petroleum Company ×370% Chevron Corporation (Chevron) ×590% Syria ×1195%

Keywords

oil and gas 100% energy sector 80% syria 80% chevron 70% offshore oil 60% syrian petroleum company 50% civil war 50% energy reserves 40% gas fields 40%