Unlocking MEA Potential

In the Middle East, Chevron is the only major IOC that actually pumps oil in Saudi Arabia, operating three onshore oilfields - Wafra, South Fawaris and South Umm Gudair - in the joint Saudi/Kuwait Partitioned Neutral Zone (PNZ), where total output reached 8.23mn b/d in 2004. However, it does not have a role in the first wave of gas projects, is not a major downstream oil player and has a more restricted petrochemicals role than its bigger peers.

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