Is Chevron Also in Talks with KRG?

Following the confirmation that ExxonMobil will be exploring six blocks in Iraqi Kurdistan, oil major Chevron is said to be in talks with the Kurdish government to begin exploration activity in the region.

KRG’s natural resources minister Ashti Awrami revealed that his government was in talks with 3 major oil companies to begin exploration in the region which is said to hold 45 billion barrels of oil and 100 – 200 trillion cubic feet of natural gas.

According to the report from Forbes, Chevron and Italian major Eni may be in talks with the KRG.

The revelation from KRG prompted a strong response from the Iraqi government which questioned the legality of such contracts in the past. Deputy prime minister Hussain al-Sharistani has hinted that the Iraqi government may force Exxon to choose between its plans in Kurdistan and its expansion of the West Qurna super giant field.

(Source: Forbes)

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