What is the scope and expected output of ConocoPhillips' newly signed natural gas development agreement with Syria?

ConocoPhillips has signed an agreement with the Syrian National Gas Company to jointly develop Syria's onshore oil and gas fields, in partnership with U.S.-based NovaTerra Energy—a firm focused on restoring and enhancing Syria's domestic natural gas production for power generation. The collaboration includes both developing existing gas fields and exploring new resources. According to the Syrian government, once operational, the project is expected to increase Syria’s daily natural gas production by 4.5 to 5 million cubic meters.

What does the news indicate about Syria’s broader energy potential and recent international engagement in its hydrocarbon sector?

The news highlights that Syria holds at least 1.3 billion barrels of oil-equivalent remaining recoverable hydrocarbon reserves, with large areas—especially offshore—still unexplored and no exploration wells drilled offshore to date. Following the Syrian government’s reassertion of control over major oil- and gas-producing regions like Deir ez-Zor and Raqqa provinces, national hydrocarbon output is projected to rebound by 2026. In parallel, international energy companies including Chevron, TotalEnergies, Eni, and QatarEnergy have recently signed similar development agreements with the Syrian government, signaling a coordinated resurgence of foreign investment and technical involvement in Syria’s post-war energy sector.

ConocoPhillips Signs Syria Natural Gas Development Agreement

Jun 22, 2026

ConocoPhillips signed an agreement with Syria National Gas Company to develop oil and gas fields, aiming to boost daily production by 4.5-5 million cubic meters. Major international energy firms are entering the market, signaling new development opportunities for Syria's post-war energy sector.

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