Chevron announces planned sale of Bangladesh companies
Monday, Apr 24, 2017
Transaction aligned with asset sales objectives

Chevron Corporation (NYSE: CVX) announced that its wholly-owned subsidiary, Chevron Global Ventures, Ltd., has entered into an agreement to sell the shares of its wholly-owned indirect subsidiaries operating in Bangladesh to Himalaya Energy Co. Ltd. Chevron Bangladesh operates Block 12 (Bibiyana Field) and Blocks 13 and 14 (Jalalabad and Moulavi Bazar fields). Closing of the transaction is subject to the satisfaction of certain closing conditions.

Chevron Corporation is one of the world’s leading integrated energy companies. Through its subsidiaries that conduct business worldwide, the company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power; and develops and deploys technologies that enhance business value in every aspect of the company’s operations.

For more information, please visit: http://www.chevron.com

For additional information on this project, please visit our Projects OGP database
Find out more about Asian Oil and Gas from NewsBase