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They're all falling in line nicely.

  • snitzoid
  • Feb 5
  • 1 min read

Looks like Voldemort wants us to be the oil "guy" around the globe.


Syria signs landmark offshore oil field deal with Chevron and a Qatari investor

The agreement marks Syria’s first offshore oil exploration step with Chevron and Qatari investor UCC Holding to boost hydrocarbon production after years of conflict.


Ground News

Feb 5, 2026


  • On Wednesday, the Syrian Petroleum Company signed a memorandum of understanding in Damascus with Chevron and UCC Holding to assess offshore oil and gas exploration, with Chevron calling it an initial agreement.

  • The Syrian government seeks reconstruction funding, with the Petroleum Company aiming to expand hydrocarbon production and consolidate military and political gains after last month's recapture of the oil-rich northeast.

  • Chevron, active in the Eastern Mediterranean, operates Israel's Leviathan gas field and signed the deal on Syria's coast, attended by Tom Barrack, U.S. special envoy to Syria.

  • If pursued, offshore exploration could revive Syria's hydrocarbon sector, boost government revenues and attract more foreign investment, and the signing is part of Gulf and U.S.-linked deals supporting President Ahmed al-Sharaa's government.

  • After a Russian-backed 2013 project with Soyuzneftegaz was abandoned, the move returns Syria to Eastern Mediterranean competition involving Turkey, Greece and Israel.

 
 
 

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