24 April 2016, Sweetcrude, Houston, Texas -US oil giant Chevron Corporation has announced that its wholly-owned subsidiary, Chevron Global Ventures Limited has entered into an agreement to sell the shares of its wholly-owned indirect subsidiaries operating in Bangladesh to Himalaya Energy Co. Ltd.
Chevron Bangladesh operates Block 12 (Bibiyana Field) and Blocks 13 and 14 (Jalalabad and Moulavi Bazar fields).
Closing of the transaction is subject to the satisfaction of certain closing conditions, the company said in a statement issued in San Ramon, California, United States.
Chevron Corporation is one of the world’s leading integrated energy companies. Through its subsidiaries that conduct business worldwide, the company is involved in virtually every facet of the energy industry.
It explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power; and develops and deploys technologies that enhance business value in every aspect of the company’s operations.