Home pagePress CenterIn the Media Frank Verrastro, director of the CSIS Energy and National Security Program, was quoted by the San Fransisco Chronicle, “Chevron reportedly in talks to tap Iraq's oil."
In the Media | Detail
Frank Verrastro, director of the CSIS Energy and National Security Program, was quoted by the San Fransisco Chronicle, “Chevron reportedly in talks to tap Iraq's oil."
Chevron Corp. and other international oil companies are negotiating with the Iraq Ministry of Oil to begin tapping into some of the country's largest oil fields, according to published reports.
Specifically, the companies are negotiating for two-year contracts that would help Iraq boost production at existing oil fields. [...]
"It was a way to get things going without calling it a production agreement," said Frank Verrastro, director of the energy program at the Center for Strategic and International Studies. "They've been sitting in abeyance for two years while oil prices have gone up. I think there's a growing realization (in the Iraqi government) that, had we done this sooner, we'd be a lot better off today."
The Center for Strategic and International Studies (CSIS) is a private, tax-exempt institution focusing on international public policy issues. Its research is nonpartisan and nonproprietary. CSIS does not take specific policy positions; accordingly, all views, positions, and conclusions expressed in these publications should be understood to be solely those of the authors.
