Image default
Finance

Iraq to hand largest Russian-operated oil field to US company 


ERBIL, Kurdistan Region of Iraq – Iraqi Prime Minister Mohammed Shia’ al-Sudani on Monday oversaw the signing of an oil agreement with the US-based Chevron, paving way for the transfer of one of Iraq’s largest oil fields from Russia’s Lukoil to the American energy giant.

 

The agreement, signed between Basra Oil Company and Chevron, “concerns the transfer of management of the West Qurna 2 oil field,” according to a statement issued by the premier’s office.

 

West Qurna 2, one of the world’s largest oil fields, is…



Source link