Chevron and Iraq Near Deal on West Qurna 2 Contract

By John Lee.

Agreements have been reached on a contract for the West Qurna 2 oil field, with a signing expected before the end of 2026. Discussions are also continuing on a development contract for the Nasiriyah oil field and four exploration blocks.

According to the Ministry of Oil, Minister Basim Muhammad Khudhair al-Abadi met on Tuesday with Joe Koch, Head of Business Development at Chevron, to advance negotiations on the West Qurna 2 contract.

The minister said the ministry would support Chevron and other American companies operating in Iraq and remove obstacles to investment in the oil and gas sector. Karim Yasser, Director General of the Contracts and Petroleum Licences Directorate, also attended the meeting.

Cook expressed appreciation for cooperation between the ministry and Chevron and said the company looks forward to a long-term partnership at West Qurna 2 and Nasiriyah.

(Source: Ministry of Oil)

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