Chevron takes small step into southern Iraq
After years circling the periphery of Iraq's oil sector, Chevron has signed a non-binding agreement to discuss projects in Basra and Dhi Qar provinces.
Chevron executive Kevin Kveton (sitting, left) and Basra Oil Company Director General Ihsan Ismaael (sitting, right) sign copies of a Letter of Cooperation in Basra on June 6, 2018, while Oil Minister Jabbar al-Luiebi (standing, center right) and Deputy Oil Minister for Upstream Karim Hattab (standing, center left) look on. (ALI AL-AQILY/Iraq Oil Report)
BASRA - Chevron has signed a non-binding Letter of Cooperation with the state-run Basra Oil Company (BOC) and Dhi Qar Oil Company (DQOC), which could lead to its first investment deals in federal Iraq.
The agreement, signed on Wednesday, comes more than a decade after Chevron first provided technical support to Iraq in 2004, in anticipation of building a foundation of relationships for future investment.
This content is for registered users
. Please login
If you are not a registered user, you may purchase a subscription
or sign up for a free trial