IRAQ/MOROCCO

Chevron Looks To Farm Down KRG, Morocco Interests

Even leaving aside the potential impact of sustained lower output from the Saudi/Kuwait Partitioned Neutral Zone (PNZ – see above) the MENA region is set to diminish in importance for Chevron.

The US major, in its latest annual report, reveals that it is pursuing opportunities to farm down its stakes in its three exploration blocks each in Iraqi Kurdistan and Morocco.

In the KRG, Chevron operates and holds 80% interests...