Chevron CEO Mike Wirth struck a positive tone in discussing the US major’s East Mediterranean portfolio during the US major’s Q1 earnings call on 1 May, telling analysts: “We have liked these assets from the get-go.”
“You can think of it as a big gas hub with a lot of resources that have been discovered and more still to be discovered,” he said of the region. Mr Wirth’s remarks come as energy markets are scrambling for alternatives to Gulf oil and gas with the Strait of Hormuz now closed for more than two months. The East Mediterranean is well positioned to take advantage of the disruption. (CONTINUED - 1504 WORDS)
