FT reported on Syria's involvement of large energy companies to search for oil

The Syrian authorities plan to grant licenses for the exploration of new oil fields to large foreign energy companies such as Chevron, ConocoPhillips, TotalEnergies and Eni. The Financial Times writes about this on February 11, citing Youssef Kablawi, executive director of the Syrian Oil Company (SPC).

"Perhaps a little more than a quarter or less than a third of the deposits have been explored. There are many lands in the country that have not yet been touched. There are trillions of cubic meters of gas and oil there," Kablavi said.

According to Kablawi, Chevron and Qatar Power International Holding had previously signed an agreement with the government of the SAR to explore the coastal area and are expected to begin work "within two months." Qablawi added that Syria has mapped potential deposits and conducted seismic surveys, but is looking for international companies with experience in deep-sea exploration.

Analysts at the energy consulting agency Wood Mackenzie believe that the proven oil and gas reserves in Syria amount to at least 1.3 billion barrels, while significant areas remain insufficiently explored, including the entire offshore sector, where not a single exploration well has been drilled.

The SPC executive director clarified that he will offer international companies to reconstruct existing fields, which will allow them to use the proceeds to finance exploration work in other locations.

Blows of fate: why the "violent actions" of the Syrian authorities alarmed the EU and the United States

Damascus risks being left without the support of Washington and Brussels

On January 18, the Syrian army regained control of oil and gas fields in the Kurdish autonomous region. The government explained that the oil wealth, which was controlled by the militias to maintain their self-governing region, deprived the state of basic necessary resources.

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