Chevron re-established its presence in Iraq's energy sector and plans to develop the Balad oilfield.
1 report, 1 independent
Updated Aug 20
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What happened
Chevron re-established its presence in Iraq's energy sector and plans to develop the Balad oilfield.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Policy decisions regarding fossil fuels are causing disruptions to oil flow from the Middle East, tied to geopolitical stability.Also in this story
- Escalation of attacks in the Middle East involving Iranian targets in Iraqi bases, a drone hitting a US-owned tanker, and Saudi Arabia joining strikes alongside the US.
- Joint strikes were conducted in Iraqi provinces, while Iran actions simultaneously risked strategic oil flows through the Strait of Hormuz.
- The region is the operational base for the industry.
- Lobbying efforts have revived talks regarding a carbon tax, involving the International Maritime Organization, the Middle East, and Saudi Arabia.
The entities involved
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Chevron Corporation
American multinational energy corporation
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Iraq
sovereign state in Western Asia
Related events
- Iraq is seeking to expand its oil production and refining capacity, leading to a new partnership deal reviving Chevron's presence in the country.
- Iraq is strategically developing its oil and gas sectors.
- Chevron is looking to expand into Iraq, while ExxonMobil is bidding on Shell's U.S. chemicals assets.
- Chevron is considering new ventures in Iraq and maintains large TCO operations in Kazakhstan.
- Chevron Corporation is expanding oil production and maintaining its presence in Venezuela despite regional disruptions and complex regulatory environments.
Coverage
Newest first; wire copies grouped- ZacksChevron Re-Enters Iraq's Energy Sector After More Than a Decade Chevron Corporation CVX, a Houston, TX-based integrated oil and gas company, has officially re-established its presence in Iraq by sign