(EnergyAsia, March 30 2015, Monday) — US major Chevron has sold off its entire long-held 50% stake in Australia’s largest downstream company for A$4.7 billion to focus on developing its core Gorgon and Wheatstoneliquefied natural gas (LNG) projects. (US$1=A$1.30). Despite the exit, Chevron said in a statement it remains one of Australia’s largest foreign investors and…
AUSTRALIA: Chevron sold off entire 50% stake in Caltex to focus on LNG projects
Posted on March 30, 2015 by EnergyAsia