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AXP Energy Secures 25% Stake in Syria’s Palmyride Basin Hydrocarbon Block
8:44am on Monday 15th of June, 2026 AEST
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Energy
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AXP Energy Secures 25% Stake in Syria’s Palmyride Basin Hydrocarbon Block
8:44am on Monday 15th of June, 2026 AEST
Key Points
Farm-in grants 25% interest in 10,039 km² Block 9 PSC in Syria
Historical prospective resources up to 765 MMboe at Itheria prospect
Sanctions lifted in 2025 open Syria to major international oil players
AXP plans seismic reprocessing and drilling two wells in 2027
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