U.S. oil major Chevron Corp tentatively plans to sign a memorandum of understanding with Iraq to develop one of the country's large oil fields, the Wall Street Journal (WSJ) reported on Monday, citing people familiar with the matter.
FILE PHOTO: The logo of Chevron is seen at the company's office in Caracas, Venezuela April 25, 2018. REUTERS/Marco Bello
- U.S. oil major Chevron Corp tentatively plans to sign a memorandum of understanding with Iraq to develop one of the country’s large oil fields, the Wall Street Journal reported on Monday, citing people familiar with the matter. Chevron and the Iraqi government are discussing the potential execution of exploration work in Iraq's southern Nassiriya oilfield, which is estimated to hold about 4.4 billion barrels of crude, the reportThe WSJ report said the preliminary deal, if consummated, could be announced later this week during a planned visit to Washington by Iraq’s new prime minister, Mustafa Al-Kadhimi.
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