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Chevron Signs Oil Agreement With Iraq

Oil sites agreement announced by Iraqi Oil Minister on 6th June 2018

According to Oil Minister Jabar al-Luaibi, US oil giant Chevron has signed an agreement with the Iraq Oil Ministry which will allow the company to perform scans and studies on oil sites and installation.

In addition, al-Luaibi also revealed that Chevron has also signed a MoU (Memorandum of understanding) with both Dhi Qar Oil Company and Basra Oil Company. This agreement involves assistance to help the two companies develop their technical, administrative and financial capabilities.

Source: Reuters

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