Chevron has confirmed the news that the company is in process and having discussions regarding its Bangladesh assets. Chevron is the second-largest US energy company and is planning to sell these assets due to a prolonged drop in energy prices.
Chevron has made it clear that no decision has been made yet to sell its assets in the country. The company will think about it only if it receives the price it has aimed for. The San Ramon, California based company revealed in October last year its plans to sell around $10 billion of assets by 2017.
In July, Chevron witnessed its biggest quarterly loss since 2001, caused by the fall in crude prices and refining income. According to reports, Chevron is expecting around $2 billion by letting go natural gas assets in Bangladesh.