Iraq to Sign MoU with Chevron to Explore for Oil in Dhi Qar
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Iraq to Sign MoU with Chevron to Explore for Oil in Dhi Qar

ERBIL — The Iraqi government is planning to sign a Memorandum of Understanding (MoU) with Chevron Corporation to explore for oil in the southern province of Dhi Qar.

A source said to be familiar with the matter told Bloomberg that the deal would formalize Chevron’s interest in exploring the eastern and western parts of Nasiriyah, the provincial capital city of Dhi Qar.

The deal, however, would exclude areas of the province that contain oil fields and exploration blocks, according to the source.