Chevron has signed a heads of agreement (HOA) with Iraq covering four exploration blocks and the development of an oil field, in the latest sign that Baghdad’s improved fiscal terms have revived the interest of Western oil majors in the Opec producer’s prolific upstream.
Iraq Says Chevron Accord Reflects 'Different Approach'
The US major has signed an HOA with Baghdad covering four exploration blocks and an oil field development, several years after its interest in Iraq fizzled.
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