CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: DR. KHALID MUBARAK AL-SHAFI

Business / Middle East Business

Chevron signs oil deal in Kurdistan

Published: 18 Jun 2013 - 05:40 am | Last Updated: 31 Jan 2022 - 08:19 pm

BAGHDAD: US energy giant Chevron has signed another oil exploration deal in Iraq’s autonomous Kurdistan region, it said yesterday, one of several contracts between Kurds and foreign energy firms that have enraged Baghdad.

The contract to explore the Qara Dagh field, in the south of the three-province region, is Chevron’s third with Kurdish officials.

Iraq’s central government, however, has slammed the deals as illegal on the grounds that they were not approved by the federal oil ministry, and last year barred Chevron from working in non-Kurdish parts of the country.

“Chevron will acquire an interest in and operatorship of the Qara Dagh block production sharing contract from the Kurdistan regional government,” the company said in a statement issued from the Kurdish regional capital Arbil.

The block lies southeast of Arbil and is about 860 square kilometres in total area, it said.

Afp