TotalEnergies’ chief executive Patrick Pouyanné announced that the company is preparing to discuss an offshore exploration contract with Syrian authorities in Damascus. The move signals TotalEnergies’ interest in re‑entering a frontier offshore area that has seen little activity, potentially adding new acreage to its portfolio while exposing the firm to geopolitical and sanctions risks. Who is involved: TotalEnergies (CEO Patrick Pouyanné), Syrian government officials in Damascus.. Likely next: Technical and legal talks between TotalEnergies and Syrian representatives will continue; a formal contract could be offered if negotiations succeed and sanctions considerations are addressed.. TotalEnergies CEO Patrick Pouyanné said during a visit to Damascus that the firm is preparing to discuss signing an offshore exploration contract with Syrian officials. The statement marks the company’s first public move toward upstream activity in Syria since the conflict began. No financial terms or timeline were disclosed in the announcement. Sectors affected: Oil and gas exploration Historical parallels: TotalEnergies acquired a 10% stake in the Bab Gas Cap concession in Abu Dhabi on 2026-07-01
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