Tuesday, 24 July 2012

Iraq blacklists Chevron for Kurdistan deals

BAGHDAD (Reuters) - Iraq has decided to blacklist Chevron Corp and bar it from signing any oil deals with the oil ministry after the U.S. major purchased stakes in two blocks in Iraq's Kurdistan, the oil ministry said in a statement on Tuesday.
"In line with Oil Ministry policy based on the constitution, the Oil Ministry announces the disqualification of Chevron company and bars it from signing any deals with the federal Oil Ministry and its companies," the statement said.
(Writing by Ahmed Rasheed, editing by William Hardy)

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