IRAQ

 

Chevron Takes Stake In Kurdish Oil Sector

 

Chevron has defied Baghdad to become the second major to invest in the Kurdistan Regional Government (KRG) oil sector. Chevron announced the investment, a purchase of Reliance’s 80% operator stake in the Rovi and Sarta blocks north of Irbil, on 19 July. But MEES understands the deal, which is all but certain to inflame already tense relations between the KRG and Baghdad, was done ‘sometime in...