ENERGY

Chevron to Start Development Off Congo: The oil company said it signed an agreement with the government to develop the Kitina oil discovery off the coast of West Africa with Italian oil firm Agip and Hydro-Congo. It said the Kitina field has estimated recoverable reserves exceeding 100 million barrels of high-quality light crude oil. Chevron Corp. has a 29.25% interest in Kitina, Agip’s stake is 37.75%, and Hydro-Congo holds the remaining 35%. Chevron is the operator for oil fields off Zaire, where the company has a 50% equity interest, and off Cabinda, Angola, where it has a 39.2% equity interest.