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Chevron Pursues Exploration Deal in Iraq.


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Chevron Pursues Exploration Deal in Iraq

U.S. oil major could unveil pact with Baghdad on sidelines of White House visit

 
Isabel Coles
Aug. 17, 2020 11:16 am ET
 

 

Chevron Corp. is in talks to invest in one of Iraq’s large oil fields, according to people familiar with the situation, providing a vote of confidence in the country’s energy industry despite years of instability and start-and-stop foreign investment.

Chevron and the Iraqi government tentatively plan to sign a memorandum of understanding to develop one of Iraq’s large oil fields in the south of the country.

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