US supermajor Chevron continued its belated entry into federal Iraq’s upstream on 17 August when it signed a “memorandum of cooperation” with Basra Oil Company (BOC) to conduct preliminary studies on various fields in the country’s southern Iraqi heartland. This builds upon a June agreement that Oil Minister Jabbar al-Luaibi vaguely said entailed “doing several things” (MEES, 22 June).

Chevron has kept quiet on the initial agreements and details are few...