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Chevron Secures Exclusive Negotiation Rights for West Qurna 2 Oil Field in Iraq

Oilprice.com ·

CVX Chevron Corp
$225.71 +0.60%
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  1. 1Chevron secured one-year exclusive negotiation rights last week to finalize commercial and operational terms for acquiring the operating rights of the West Qurna 2 field.
  2. 2Local media reported that Chevron will pay a $200 million upfront contract bonus.
  3. 3Chevron CEO Mike Wirth mentioned that it will be several months before the company signs a final long-term contract.

So what's the key point?

Chevron secured one-year exclusive negotiation rights last week to finalize commercial and operational terms for acquiring the operating rights of the West Qurna 2 field.

Source Oilprice.com · View original ↗

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