Saturday, August 25, 2007

Thailand to Extend Chevron Gas Rights Soon

Thailand to Extend Chevron Gas Rights Soon

City of Industry, CA --(www.FinancialNewsUSA.com)-- 08/24/2007 - Energy industry news provided by Financial News USA (OTC: FNWU). Thailand will soon extend offshore gas oil rights held by Chevron Corp (NYSE:CVX) by 10 years to 2022, the Thai energy minister said. Chevron and PTT Exploration & Production PCL (PTTEP) have requested permission to carry on operating their separate fields in the Gulf of Thailand after the original concessions expire in 2012. "The talks are nearly concluded. There's only a minor legal problem but we will conclude the talks soon," Piyasvasti Amranand told reporters in a ASEAN ministerial meeting in Singapore.

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