Chevron silent on Kurdish block deal

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News Wires

 24 January 2013 12:49 GMT

US oil giant Chevron has been awarded a stake in an oil block in Kurdistan which was recently relinquished by a smaller player after a well came up dry, according to a report.

The supermajor has won a slice in the Qara Dagh Block, Reuters quoted Kurdish Energy Minister Ashti Hawrami as saying on Thursday.

"We informed [the central Iraqi government in Baghdad] that we awarded [Chevron] a field called Qara Dagh," Reuters quoted him as saying.

"It is an important and big exploration project. We've agreed all the terms."

Reuters said Chevron's vice president for business development, Jay Pryor, met with Kurdistan President Masoud Barzani at the World Economic Forum in Davos, Switzerland.

"During the meeting, Chevron expressed strong commitment to all its projects in Kurdistan," he said, according to…

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