CVX · News · 20261104N

Iraq Energy Expansion

CHEVRON CORP · 2026-11-04 · Importance 34 · Surprise 42

Chevron is moving closer to expanding its footprint in Iraq as the country’s Ministry of Oil announced agreement on key provisions of a development contract for the West Qurna 2 oil field. The parties are targeting a formal agreement by the end of 2026. Chevron is also exploring opportunities at the Nasiriyah oil field and four additional exploration blocks, which could broaden its future upstream presence in Iraq.

Key facts

• Iraq's Ministry of Oil announced an agreement with Chevron on key provisions of the development contract for the West Qurna 2 oil field; a formal agreement is expected by the end of 2026, according to Iraqi News. source
• Chevron is exploring opportunities involving the Nasiriyah oil field and four additional exploration blocks in Iraq. source