Chevron Signs 3rd KRG Oil Deal

By John Lee.

France24 reports that Chevron has signed another oil exploration deal in Iraqi Kurdistan.

The contract, under which Chevron will acquire an interest in and operatorship of the Qara Dagh block production sharing contract, is the company’s third in the autonomous region; it was previously barred from working in non-Kurdish parts of the country following the previous agreements.

The block lies southeast of Erbil and is about 860 square kilometres (332 square miles) in total area.

(Source: )

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