Chevron oil company was supposed to end up its business oil deal with Saudi but as report said, Saudian government approved deal extension between the two as the US major oil producer perhaps renew its deal with the Saudian government.
The 60-year deal was first granted in 1949 to a company founded by U.S. industrialist Jean Paul Getty, helping. It helped make him the richest man in the United States.
"The cabinet approved authorising... the petroleum and mineral resources minister to sign a project of agreement to extend and amend the Saudi Arabian government and Chevron Saudi Arabia (concession) at the neutral zone," Saudi state news agency SPA reported on Monday.
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