Chevron has sold half of its stake in block seven to South Korean oil company GS Caltex tying up the first ever Korean company for hydrocarbon exploration in the country's southern region, officials said Monday. The US oil giant sold 45 per cent stakes to the South Korean company retaining 45 per cent stakes including the operator-ship of block 7 that covers parts of Barisal, Patuakhali, Barguna and Bhola.
State-owned Bangladesh Petroleum Exploration and Production Company (Bapex) has 10 per cent carried over interest in the block.
Feb 23 · 8:07:00 AM · Source: Financial Express Bangladesh
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by Jeffrey Epstein
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