US Oil Giant ConocoPhillips to Sign Contract With Syria to Develop Gas Fields – Reports (opens in new tab)

The US oil and gas giant ConocoPhillips is set to sign a contract with Syria aimed at expanding existing gas fields and exploring new reserves, according to a Financial Times reported, in what would mark one of the most significant foreign investments in Syria’s energy sector since the country’s political transition. The agreement is expected to be signed between ConocoPhillips, Novaterra Energy, and the Syrian Petroleum Company. The deal builds on a memorandum of understanding signed in Nove...