Chevron Explores Pipeline Bypassing Strait of Hormuz as It Advances Oil Projects in Iraq
Chevron has signed memorandums of understanding with the Iraqi government to develop oilfields and is evaluating pipeline routes that would bypass the Strait of Hormuz, aiming to secure access for Iraqi crude. The company's involvement includes a potential new resource base capable of producing up to 600,000 barrels per day within seven years.
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