Chevron to Bid $200 Million for Kurdish Oil Blocks: Sunday Times

Chevron Corp. (CVX), the second-largest U.S. energy company, may buy the rights to two oil exploration zones in Iraq’s Kurdish region from Reliance Industries Ltd. (RIL), the Sunday Times reported, without saying where it got the information.

The deal, which may be announced this week, is worth at least $200 million, the newspaper reported.

Total SA (FP) may buy a stake in oil fields in the region from WesternZagros Resources Ltd. (WZR), the Sunday Times said.

To contact the reporter on this story: Emma Charlton in London at echarlton1@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net

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