Chevron ended days of heated speculation Thursday, confirming it will take over Indian firm Reliance's two exploration blocks in Iraq's semi-autonomous Kurdistan region.In a statement, the second-largest American oil company said it "completed a transaction to acquire ... Reliance Exploration & Production DMCC's 80 percent interest and operatorship of the production sharing contracts (PSCs) covering the Rovi and Sarta blocks."Neither the companies nor the Kurdistan Regional Government (K...
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