Chevron Buys Majority Stake in Two Exploration Blocks in Kurdistan

- July 19th, 2012

NY Times reported that Chevron (NYSE:CVX) has bought majority stake in two exploration blocks in Kurdistan from Reliance Industries of India.

NY Times reported that Chevron (NYSE:CVX) has bought majority stake in two exploration blocks in Kurdistan from Reliance Industries of India.

As quoted in the market news:

The move by a major U.S. company underlines that Kurdistan, which is run by an autonomous government that is often at odds with Baghdad, is becoming an increasingly attractive investment destination for the international oil industry.

Click here to read the full NY Times report.

NY Times reported that Chevron (NYSE:CVX) has bought majority stake in two exploration blocks in Kurdistan from Reliance Industries of India.

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