Chevron weighs sale of stake in Indonesian Deepwater Development project
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JAKARTA (Reuters) - U.S. oil giant Chevron Corp is considering selling its participating interest in the Indonesian Deepwater Development (IDD) gas project, the company said on Friday, as it makes sweeping changes to cut costs and streamline operations.No final decision has yet been made, however, Chevron said in a statement, declining to reveal details of the negotiations. In December, it had said it was considering selling some natural gas projects to prepare for low prices in the long..