U.S. oil major Chevron Corp. (NYSE:CVX) has signed a memorandum of understanding with Qatari firm UCC Holding and Syria’s National Oil Company (NOC), the Syrian Petroleum Company, to explore for oil and gas in offshore Syria, a region lying between major gas discoveries in Israel and Egypt, Reuters has reported. Currently, Syria gets the lion’s share of its oil production from onshore fields in the northeast, including the Al-Omar field. Syria is geographically close to the prolific Leviathan gas field, as both are located in…
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