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Bloomberg
Iraq plans to sign a memorandum of understanding with Chevron Corp to explore for oil in the country’s southern province of Dhi Qar, according to a person familiar with the matter.
The deal formalises Chevron’s interest in exploring the eastern and western parts of Nasiriyah, the capital of Dhi Qar, the person said. It would exclude areas of the province that contain oil fields and exploration blocks. Chevron began talks with Opec’s second-biggest producer two years ago and resumed meetings with oil ministry officials recently.
Chevron spokeswoman Sally Jones declined to comment.