Quartz·1 min read·medium
Chevron is signing preliminary deals to invest in Iraqi oil fields and bypass the Strait of Hormuz
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Chevron has entered preliminary agreements to invest in Iraqi oil fields and a pipeline consortium. The project aims to establish a new export route to the Mediterranean, bypassing the Strait of Hormuz.
The non-binding accords cover two major Iraqi fields and a pipeline consortium that could revive a long-dormant route to the Mediterranean
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