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Chevron ‘remains interested’ in East Med after Noble buyout
July 26, 2020
Chevron and its latest acquisition, Noble Energy the concession holder for Cyprus’ Aphrodite field, reaffirmed their intention of continuing cooperation with the government, Energy Minister Natasa Pilides said on Saturday.
The minister told the Cyprus News Agency, that after contacts with both companies, she received reassurances that nothing has changed after Noble’s buyout by Chevron as regards their interest in the eastern Mediterranean and their strategic plan regarding the utilisation of the various licences they have in the region.
It was announced on Monday that Chevron Corp was buying Noble Energy Inc for about $5 billion, in the biggest US energy deal since the coronavirus crisis crushed global demand for oil and sent crude prices to historic lows.