Syria Signs Chevron and Qatar's Power International to Develop Its First Offshore Oil and Gas Field

Syria Signs Chevron and Qatar's Power International to Develop Its First Offshore Oil and Gas Field

04 February, 202614 sources compared
Syria

Key Points from 14 News Sources

  1. 1

    Syrian Petroleum Company signed an MoU with Chevron and Qatar’s Power International

  2. 2

    U.S. envoy Tom Barrack attended and called the deal a historic step for Syria’s recovery

  3. 3

    Agreement aims to attract investment, develop technical expertise, and boost oil and gas production

Full Analysis Summary

Syria offshore energy deal

Syria’s state-owned Syrian Petroleum Company (SPC) signed a memorandum of understanding with U.S. energy giant Chevron and Qatar’s Power International Holding to open the country’s first offshore oil and gas field.

The deal was announced by Syria’s state news agency SANA and reported widely.

The signing was presented as a major step toward reviving Syria’s hydrocarbon sector.

SPC CEO Youssef Kabalawi (also spelled Qablawi in some reports) described the agreement as one of the most important offshore energy deals in the nation.

He said mobilisation and drilling could begin "before summer" and that it may take up to four years to reach gas reserves.

The ceremony was attended by U.S. special envoy Tom Barrack, whose presence was singled out by multiple outlets.

Coverage Differences

Tone / Emphasis

Western mainstream and broad-coverage outlets (Associated Press — Western Mainstream; Petroleum Australia — Other) focus on the factual elements of the MoU and the CEO’s timeline, while regional and national outlets (News Arena India — Other; Dainik Shiksha — Other) emphasize the historic importance by quoting SPC leadership calling it “the most important” deal. Sources also differ in the spelling of the CEO’s name (Kabalawi vs Qablawi).

Syria energy reconstruction context

The agreement is framed against nearly 14–15 years of conflict that severely damaged Syria’s energy infrastructure and economy.

Several outlets note that pre-2011 production was substantially higher — roughly 380,000 barrels per day and more than $3 billion in export revenues in 2010.

Reports say the war caused large-scale damage, with some citing a multi-hundred-billion-dollar toll and high human casualties.

Analysts and regional reporting emphasize that rebuilding wells, pipelines and other infrastructure will be a central challenge if offshore exploration is to deliver economic benefits.

Coverage Differences

Narrative / Severity

Some West Asian outlets (Türkiye Today — West Asian) foreground the human cost and historic production figures, explicitly citing casualties and pre-war export revenue, while AL-Monitor (Western Alternative) stresses the financial cost of the conflict and past aborted offshore efforts (Russia’s Soyuzneftegaz). This yields different emphases: human and revenue losses vs. reconstruction costs and prior technical attempts.

Media framing of deal

The diplomatic and political framing varies by outlet.

U.S. special envoy Tom Barrack attended the signing and was quoted welcoming the deal, and some regional reports portray his presence as part of a broader push for stability and reconstruction.

Kurdish-focused and other regional outlets linked the energy agreement to wider political moves, reporting that Barrack tied the deal to a reported comprehensive accord between the Syrian government and the Syrian Democratic Forces (SDF) that would include a ceasefire and institutional arrangements.

Coverage Differences

Narrative / Linkage to Politics

Western mainstream reporting (Associated Press) notes Barrack’s presence without extensive political linkage, while West Asian outlets (kurdistan24.net and Anadolu Ajansı) more explicitly present Barrack’s statements as tying the energy deal to broader stability and reconciliation measures, including reported arrangements with the SDF.

MoU and investor coverage

Reporting also differs on practical next steps and the investor landscape.

Some pieces emphasize immediate technical steps and a timeline toward drilling and reserve access.

Other reports focus on the legal and contractual process to convert the MoU into a binding contract and note security challenges.

Anadolu Ajansı reports a team has been tasked with converting the MoU into a binding contract.

Anadolu Ajansı quotes SPC saying some wells had been sabotaged before state forces retook them.

AL-Monitor adds background on prior offshore attempts and names a different investor involved in reconstruction deals, a detail not repeated elsewhere.

Coverage Differences

Missed information / Unique detail

Anadolu Ajansı (West Asian) includes operational and security details — a team to convert the MoU into a binding contract and sabotage of wells — that other outlets either omit or do not emphasize. AL-Monitor (Western Alternative) introduces a different investor (UCC Holding) and past reconstruction involvement, a detail unique among the sampled coverage and not corroborated by the majority of outlets that name Chevron and Power International.

Reporting inconsistencies

There are clear factual inconsistencies across reports that readers should note when assessing the story.

These include disagreements about where the MoU was signed, the exact reserve and production figures cited, and how the deal's broader political implications are presented.

For instance, most outlets report the signing took place in Damascus, but Anadolu Agency reports the MoU was signed in Istanbul.

Reserve and current production numbers vary across sources, and some outlets supply detailed reserve estimates and post-conflict production levels that others do not.

Coverage Differences

Contradiction

Sources disagree on the signing location: Associated Press, News Arena India and Dainik Shiksha state the MoU was signed in Damascus, whereas Anadolu Ajansı reports it was signed in Istanbul. This is a direct factual contradiction in the sampled coverage.

All 14 Sources Compared

AL-Monitor

Syria to develop first offshore oil, gas field with US’s Chevron, Qatar’s UCC

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Amader Barta

Syria signs first offshore oil and gas deal with Chevron, Qatari firm

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Anadolu Ajansı

Syria signs MoU with Chevron, Qatari firm to explore oil, gas offshore

Read Original

Arabian Gulf Business Insight | AGBI

Chevron-Qatar venture to search for offshore oil and gas in Syria

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Associated Press

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

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Daily Sabah

Syria inks cooperation agreement with Chevron | Daily Sabah

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Dainik Shiksha

Syria signs first offshore oil and gas deal with Chevron, Qatari firm

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Devdiscourse

Syria Takes First Steps Toward Offshore Oil Exploration Revival

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Hürriyet Daily News

Syria inks deal with Chevron, Qatari firm for offshore exploration

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kurdistan24.net

U.S. Envoy: Hails Major Syria's Offshore Gas Exploration Deal with Qatar

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kurdistan24.net

U.S. Envoy: Hails Major Syria's Offshore Gas Exploration Deal with Qatar

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News Arena India

Syria to develop first offshore oil and gas field with US, Qatar

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Petroleum Australia

Syria enlists Chevron and Power International for its first offshore development

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Türkiye Today

Syria signs first offshore oil exploration deal with Chevron and Qatari firm

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