Chevron: Initial agreement with companies from Syria-Qatar for hydrocarbon exploration

Chevron signed a preliminary agreement with Syrian Petroleum Company and Qatar's UCC Holding to assess offshore oil and gas exploration in Syria. The Syrian coast is located between significant gas discoveries in Israel and Egypt. Chevron already operates Israel's Leviathan gas field. A similar deal with a Russian company was cancelled in 2015 due to the Syrian civil war. UCC Holding is a unit of Qatar-based Power International Holding.