Chevron to Sign Iraq Accords on 2 Oil Fields as West Qurna-2 Talks Advance
Updated
Updated · Bloomberg · Jul 16
Chevron to Sign Iraq Accords on 2 Oil Fields as West Qurna-2 Talks Advance
3 articles · Updated · Bloomberg · Jul 16
Summary
Friday accords are expected to formalize Chevron’s push to invest in Iraqi oil fields, marking a new step in negotiations rather than a final commercial deal.
The non-binding agreements would advance exclusive talks over West Qurna-2—Iraq’s second-largest oil complex—and Nasiriyah, a smaller field with significant exploration potential.
Chevron is pursuing West Qurna-2 after it was formerly operated by Lukoil, with the accords intended to signal commitment to eventual investment agreements.
The move deepens Chevron’s position in Iraq as Baghdad seeks partners for major upstream projects and future field development.