AXP Energy Acquires 25% Stake in Syria’s Block 9 PSC via Farm‑in Agreement

Deal Summary

AXP Energy announced a farm‑in agreement with Simpora Latakia Limited to acquire a 25% participating interest in Syria’s Block 9 Production Sharing Contract in the Palmyride basin. AXP will pay a $100,000 deposit and a further $1 million within 60 days, marking its entry into the region as it reopens to international investment.