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 strategically developing its oil and gas sectors.
- The Iraqi Oil Tankers Company is currently operational to bolster Iraqi oil exports and is planning to secure funding for new oil tankers.
- The US administration controls Iraqi oil revenue streams, which are deposited into the Federal Reserve Bank account.
- Basrah Gas Company is contributing to enhancing Iraq's energy security.
- Government sets ambitious energy targets for the electricity sector in Iraq.
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