TotalEnergies, QatarEnergy and ConocoPhillips Evaluate Offshore Project in Syria
TotalEnergies, QatarEnergy and ConocoPhillips have signed an agreement with the Syrian Petroleum Company to launch a technical study on offshore Block 3, located off the coast of Latakia, Syria. This MoU establishes a framework for discussions regarding potential commercial exploration. The initiative aligns with the new Syrian government's strategy to attract foreign investment into an energy sector severely weakened by years of civil war and international sanctions.
Prior to its withdrawal from the country in 2011 to comply with European Union sanctions, TotalEnergies produced approximately 53,000 barrels of oil equivalent per day in Syria, primarily natural gas. Before the outbreak of the conflict, Syria exported nearly 380,000 barrels of oil per day in 2010. The civil war that followed the protests against the Bashar al-Assad regime profoundly destabilized the Syrian economy and destroyed a significant portion of the country's energy infrastructure.
Julien Pouget, Senior Vice President Middle East and North Africa, Exploration & Production at TotalEnergies, welcomed the resumption of cooperation with the Syrian oil company, noting the historical relationship between the two groups from 1988 to 2011. Since the fall of Bashar al-Assad in late 2024, interest from major energy companies in Syria has intensified. Notably this week Chevron has announced that it has selected a site for the country's first deepwater oil and gas project, with technical operations scheduled to commence this summer.
TotalEnergies SE is one of the leading worldwide oil groups. Net sales break down by activity as follows:
- refining and chemistry (43.3%): refining of petroleum products (operated, at the end of 2025, 14 refineries throughout the world) and manufacture of basic chemistry (olefins, aromatics, polyethylene, fertilizer, etc.) and of specialty chemistry (rubber, resins, adhesives, etc.). The group is also operating in trading and sea transport of crude oil and oil products;
- petroleum products distribution (39.1%): at the end of 2025 operated 12,775 service stations worldwide;
- electricity generation (9.7%): from combined cycle gas plants and renewable energies;
- gas production, trading, transport and distribution (5%): primarily liquefied natural gas (43.9 million tons sold in 2025), natural gas, biogas, hydrogen, liquefied petroleum gas, etc.;
- hydrocarbon operating and production (2.8%): 2.5 million barrels of oil equivalent produced per day in 2025;
- other (0.1%).
Net sales are distributed geographically as follows: France (22.8%), Europe (45%), Africa (10%), North America (7.2%) and other (15%).
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