Iraq blacklists Chevron for Kurdistan deals

Tue Jul 24, 2012 7:37am EDT
 
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BAGHDAD (Reuters) - Iraq has decided to blacklist Chevron Corp (CVX.N: Quote) and bar it from signing any oil deals with the oil ministry after the U.S. major purchased stakes in two blocks in Iraq's Kurdistan, the oil ministry said in a statement on Tuesday.

"In line with Oil Ministry policy based on the constitution, the Oil Ministry announces the disqualification of Chevron company and bars it from signing any deals with the federal Oil Ministry and its companies," the statement said.

(Writing by Ahmed Rasheed, editing by William Hardy)

 
A Chevron tanker truck unloads gasoline into underground storage tanks in Burbank, Calfiornia June 18, 2008. REUTERS/Fred Prouser