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Intrepid Chevron

17 July 2013 By Christopher Swann

The energy group is wagering $1.24 bln on a shale project just a year after the nation seized assets from Spain’s Repsol. That shows a strong stomach not a short memory. With the world’s No. 2 gas reserves on offer, Chevron’s audacity may help it outflank fainter-hearted rivals.

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