Financial Times FT.com

Oil-rich nations ‘seek majors’ expertise’

By Sheila McNultyin Houston

Published: March 10 2009 23:19 | Last updated: March 10 2009 23:19

Dave O’Reilly, chief executive of Chevron, said the oil-rich countries that erected barriers to international oil companies amid the run-up in commodity prices were now seeking their expertise in managing the drastic fall.

“They’re back now looking for [our] investment,’’ Mr O’Reilly told Chevron’s annual analysts’ meeting.

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