💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Chevron to restart drilling operations in Iraqi Kurdistan

Published 01/16/2018, 08:35 AM
© Reuters.  Chevron to restart drilling operations in Iraqi Kurdistan
CVX
-
  • Chevron (NYSE:CVX) says it will resume drilling operations in Iraqi Kurdistan "in the near future" and is taking steps to send staff there again, amid easing tensions between the Baghdad central government and the Kurdistan regional government.
  • CVX temporarily stopped drilling in Iraqi Kurdistan in October after Iraqi forces moved into Kirkuk, ejecting Kurdish forces who had effectively annexed the city and its oil fields.
  • CVX has held the rights to drill several blocks in areas controlled by the Kurdistan Regional Government since 2012, and made agreements with the regional authorities over Baghdad's objections.
  • Now read: Chevron's Dividend Isn't Out Of The Woods Yet


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.