28 April 2024
Chevron sells Bangladesh gas fields in search of more lucrative pastures
Publication date: 25 April 2017
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Chevron is to sell its upstream gas field assets in Bangladesh to Asian investors in an apparent bid to redeploy capital in more lucrative sectors.
The US major said it has agreed to sell the shares of its wholly-owned subsidiaries operating in the country to Himalaya Energy Co. Ltd., reportedly a vehicle for Chinese and Hong Kong investors.