Chevron Moves to Acquire Lukoil's Major West Qurna 2 Oilfield in Iraq

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Chevron has signed a preliminary deal to discuss the potential acquisition of West Qurna 2 oilfield in Iraq, formerly operated by Lukoil, in a move that could boost Chevron's oil production and expand its presence in the region.

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Market impact analysis based on bullish sentiment with 90% confidence.

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Bullish
ثقة الذكاء الاصطناعي
90%
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قصير الأجل

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Chevron has signed a preliminary deal with Iraq’s Basra Oil Company to discuss the potential sale of the giant Iraqi oilfield West Qurna 2, formerly operated by Russia’s Lukoil, to the U.S. supermajor. The preliminary agreement, signed on Monday, allows exchange of confidential data and could lead to exclusive talks for Chevron to take over West Qurna 2, whose operations were recently transferred to the Iraqi state-owned company. The preliminary agreements also establish an outline for a period of exclusive negotiations,…

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المقال الكامل على OilPrice.com
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المقال الأصلي منشور بواسطة OilPrice.com في فبراير 23, 2026.
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