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TotalEnergies CEO Seeks to Make Syria an Alternative Corridor Outside the Strait of Hormuz
The CEO of Total Energies stated that Syria could become a significant corridor for transporting oil from Iraq to the Mediterranean, emphasizing the importance of finding alternative routes to the Strait of Hormuz due to security tensions. Iraq and Syria are working on projects to rehabilitate oil pipelines, while Syria has signed memoranda of understanding with international companies to explore oil and gas within its territorial waters, aiming to revitalize the energy sector after years of conflict. Officials stress the need for patience and government support to implement long-term projects in the country.
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