Chevron
is
purchasing
80%
of
the
Sarta
and
Rovi
blocks
from
India's
Reliance
Industries,
two
executives
told
Reuters.
It
is
a
foray
into
Iraq
for
Chevron
after
the
California-based
oil
company
was
not
involved
in
contracts
awarded
in
Iraq's
four
licensing
rounds.
Austria's
OMV
holds
the
other
20%
interest
in
Sarta/Rovi.
ExxonMobil
caused
a
stir
in
Baghdad
last
year
by
signing
an
exploration
deal
with
the
Kurdistan
Regional
Government
in
the
north,
which
the
central
government
deemed
illegal.
Just
last
month,
Iraq
asked
US
President
Barack
Obama
to
stop
ExxonMobil
from
exploring
in
the
autonomous
region
because
it
could
have
dire
consequences
for…
