Subscribe free to our newsletters via your
. Energy News .

Chevron buys energy blocks in Iraqi Kurdistan
by Staff Writers
San Francisco (AFP) July 19, 2012

US energy giant Chevron said Thursday it had bought two exploration blocks in Iraq's autonomous Kurdish region, despite Baghdad's protests that such deals are illegal.

"Chevron Corporation announced that its subsidiaries have completed a transaction to acquire interests in two blocks in the Kurdistan region of Iraq," it said in a statement on its website.

The firm said it would acquire 80 percent stakes in the Rovi and Sarta blocks from India's Reliance.

"The blocks are located north of Arbil and cover a combined area of approximately 490 square miles (1,124 square kilometers)," the statement said.

Chevron's announcement came as Iraqi Prime Minister Nuri al-Maliki pledged to take the "necessary steps" if American energy giant ExxonMobil implemented a controversial oil exploration deal with Kurdistan.

The central government says all oil contracts must go through Baghdad and regards any that do not as illegal. It has said in recent months that the deal has been frozen, which Kurdistan has denied.

The spat is one of several between the central government in Baghdad and Kurdish authorities in Arbil.

"We remind the company of its commitments, and the need to follow the recommendations of the government," Prime Minister Nuri al-Maliki said in a statement on his website.

If ExxonMobil did not comply with Iraq's demands that it abandon its deal in Kurdistan, "the government will take the necessary steps to enforce the law and prevent the company from implementing its contracts," the statement said.


Related Links
Powering The World in the 21st Century at

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Russia seizes Chinese fishing boat: reports
Beijing (AFP) July 18, 2012
Russian coastguards have seized a Chinese fishing boat off the country's east coast after reportedly opening fire on the vessel, Chinese state media said on Wednesday. The Global Times daily said the Chinese consulate in the eastern Russian city of Khabarovsk had been informed of the incident, which occurred on Monday after a three-hour chase. It quoted Russian media as saying the coastg ... read more

Outside View: Energy independence key

Anonymous hackers target energy majors

Putin: Energy privatization a priority

U.S. ranks low in energy efficiency

Chevron buys energy blocks in Iraqi Kurdistan

China's downturn affecting coal

Israel navy needs ships to guard gas fields

Russia seizes Chinese fishing boat: reports

Italian police seize giant wind farm in mafia probe

GL Garrad Hassan releases update of WindFarmer 5.0

U.S moves massive wind farm plan forward

Belgium wind farm a go after EIB loan

US Solar Companies can Compete with China with a Bit of Innovation

OSU students and Stahlin contribute to Haiti solar power project

Greensmith Energy Storage and ZEN Solar Announce Global Partnership

KYOCERA Installs Solar Power Generating System at Hospital in the Marshall Islands

Japan's TEPCO gets go-ahead for power bill boost

Nuclear fears galvanise usually sedate Japan

Japan to probe 'active faults' under nuclear plants

UAE to begin constructing two nuclear reactors

New Cuban biodiesel looks to 'bellyache bush'

White rot fungus boosts ethanol production from corn stalks, cobs and leaves

AFPM Testifies on Concerns of the Renewable Fuel Standard and RIN Fraud

BIO Responds to Petroleum Refiners' Criticism of US Navy Demonstration of Advanced Biofuels

Looking Forward to Shenzhou 10

Astronauts in good shape after return

Shenzhou mission sparks 'science fever'

China Beats Russia on Space Launches

No end in sight for US drought: experts

Worst drought in five decades ravages US

Caution needed with new greenhouse gas emission standards

Worst drought in 5 decades ravages US

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement