Tag Archives | Chevron

Mystery Buyer of Kurdish Oil Revealed

After months of remaining out of public knowledge, the buyer of Kurdish oil in America has been revealed. The chemical firm LyondellBasell purchased two tankers worth of Kurdish oil in May. The shipments totaled nearly 533,000 barrels of oil and at the time did not result in any legal action. Data retrieved from the U.S. […]

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China Consolidates Position in Iraqi Petroleum Sector

By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. China and CNPC are Consolidating Further their Positions in Iraq Petroleum Sector Four years after the first bid round took place, some international oil companes (IOCs) are consolidating their positions. while others […]

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Turkey Unlikely to Upset Iraq in KRG Energy Deal

By Semih Idiz for Al-Monitor . Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. It is no secret, thanks to frequent leaks to the media, that energy cooperation between Turkey and the Kurdistan Regional Government (KRG) is continuing apace. This, however, has not broken […]

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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 […]

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Iraqi Oil-for-Food Lawsuit Collapses

By John Lee. An Iraqi lawsuit accusing more than 90 companies of conspiring with Saddam Hussein’s regime to frustrate the United Nations’  program, and depriving Iraqis of roughly $10 billion of essential aid, has been dismissed by a court in New York. Reuters reports that U.S. District Judge Sidney Stein said the government of Iraq […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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