Tag Archives | Chevron

Chevron Awarded Stake in Qara Dagh

By John Lee. Iraqi Kurdistan’s energy minister, Ashti Hawrami, is reported as saying that the KRG has awarded Chevron a stake in the Qara Dagh oil block (pictured). Jay Pryor, Chevron’s Vice President for business development, met with Kurdistan President Mr Masoud Barzani at the World Economic Forum in Davos, reports Steel Guru. During the […]

Ministry of Oil: Chevron “Should be Ashamed”

By John Lee. The Iraqi Oil Ministry has re-confirmed that Chevron is barred from contracts with the Federal Goverment in Baghdad, and says the company “should be ashamed of their action” in dealing with the Kurdistan Regional Government, which it accuses of smuggling. The Ministry issued the following statement on Wednesday: Chevron Oil Company announced […]

Iraq Blacklists Chevron for Kurdish Oil Deals

By John Lee. An Iraqi oil ministry statement on Tuesday said that Chevron, the second largest U.S. energy company, will be barred from contracts in central and southern Iraq as a result of buying stakes in two oil-exploration blocks in Iraqi Kurdistan. “Chevron is barred from any agreement or contract with the federal ministry of […]

Chevron “Buying 2 Kurdistan Blocks from Reliance”

By John Lee. Two oil executives in the Kurdistan Region have told Reuters that Chevron is purchasing 80 percent of the Sarta and Rovi blocks from India’s Reliance Industries. Austria’s OMV holds the other 20 percent interest in Sarta/Rovi. Chevron reportedly declined to comment on Wednesday, saying that it continued to be interested in pursuing […]

Chevron to Pay $200m for Kurdistan Oil Exploration Rights

By John Lee. America’s second-largest energy company, Chevron Corporation, may buy the rights to two oil exploration zones in Iraqi Kurdistan. According to a report from region from the Sunday Times in London, it would acquire the rights from Reliance Industries, India’s largest private sector enterprise. The deal, which may be announced this week, is […]

Chevron Phillips Chemical to Study Iraq Plant

Chevron Phillips Chemical Co., a joint venture between Chevron and ConocoPhillips, signed a letter of intent to evaluate the feasibility of developing a petrochemical plant in Iraq, according to a report from Bloomberg. Hanaa al-Husseini, a spokeswoman for the Industry and Minerals Ministry, said the company would look into building a new facility and upgrading […]

Iraq Still Hopes to Award Joint Nassiriya Oilfield, Refinery Deal

Iraq’s deputy oil minister, Ahmed al-Shamma, said that Iraq still hopes to award a contract for the development of the 4.4 billion barrel Nassiriya oil field and the construction of a dedicated 300,000 bpd export refinery as one package. Iraq excluded Nassiriya from its three previous bidding rounds for oil and gas licences. According to […]

Iraq to Act Against ExxonMobil over KRG Contract

In the continuing row over ExxonMobil‘s contract with the Kurdistan Regional Government, Baghdad has called the deal a violation of the law. Reuters reports that Iraq’s government said it would move to end a major contract with ExxonMobil, apparently referring to the company’s multi-billion dollar contract with Iraq’s oil ministry to develop the 8.7 billion […]

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 […]

Iraq Plans Refinery When Developing Nasiriyah Oil Fiel

Bloomberg reports that Iraq will ask companies to build an oil refinery when it invites bids to develop the Nasiriyah field south of Baghdad. Abdul- Mahdi al-Ameedi, the head of the ministry’s licensing department, said, “we will not develop the Nasiriyah oil field on its own but in tandem with the establishment of a refinery”. […]

Possible Mini-Auction for Nassiriyah Oilfield

Reuters reports that four international oil companies(IOCs)  have shown an interest in developing the Nassiriyah oilfield in Iraq. A senior oil official said on Sunday that Iraq may hold a mini-auction for the largely undeveloped field, following a number of unsucessful attempts to reach agreement with foreign firms. Talks with a Japanese group led by […]

Chevron Considered Iran-Iraq Oilfield

The Iraqi Prime Minister, Nouri al-Maliki, allegedly told U.S. diplomats that oil giant Chevron has been in talks with Tehran about developing a cross-border oilfield with Iraq, according to a cable released by WikiLeaks. Dow Jones reports that the cable, sent by the U.S. Embassy in Baghdad, summarizes a conversation between the U.S. diplomats and […]