Guyana Would Welcome the Entry of Chevron Into Its Oil Industry ...Middle East

Guyana would welcome U.S. firm Chevron joining the major oil projects that its peer Exxon is currently developing offshore the South American country, Guyana’s President Irfaan Ali has told the Financial Times. Chevron has proposed a multi-billion all-stock transaction to buy U.S. firm Hess, which is a minority partner of Exxon in Guyana’s prolific Stabroek block with a 30% stake.   While Hess shareholders are set to vote on the proposed deal, Guyana expresses concerns that Exxon raising further its stake in the Stabroek block…

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