Chevron & Cyprus Resume Talks to Resolve Aphrodite Gas Field Dispute
CVXChevron(CVX) ZACKS·2024-09-21 00:06

U.S. energy major Chevron Corporation (CVX) and the Republic of Cyprus have decided to hold discussions over the next four months to get a mutually beneficial deal that will ensure the Aphrodite gas field's development without further delays.In order to go ahead with the project, the Chevron-led consortium has submitted an updated development plan to the Republic of Cyprus, hoping to avoid the termination of the project.Chevron’s Interest in the ProjectThe Aphrodite gas field was discovered by Noble Energy ...