Bloomberg News

Chevron Shrugs Off Iraq Opposition to Kurdish Oil Deals

July 19, 2012

(Corrects spelling of partner’s name in second paragraph.)

Chevron Corp. (CVX:US) agreed to buy Reliance Industries Ltd. (RIL)’s 80 percent stake in two blocks covering about 490 square miles (1,124 square kilometers) in Iraq’s Kurdistan region.

Chevron’s partners in the blocks are OMV Rovi GmbH and OMV Sarta GmbH, according to a company statement issued today. No terms were announced.

To contact the reporter on this story: Tina Davis in New York at tinadavis@bloomberg.net

To contact the editor responsible for this story: Tina Davis at tinadavis@bloomberg.net


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