Exterior view of a Chevron office building in Perth, Western Australia. (Adobe Stock Photo)
February 23, 2026 03:00 PM GMT+03:00
U.S. oil company Chevron inked preliminary agreements with Iraq’s state-owned Basra Oil Company to explore assuming control of the West Qurna 2 oil field, one of the country’s largest production sites, as Iraq reshapes ownership following sanctions on Russia’s Lukoil.
The agreement, signed in Baghdad on Monday, sets out terms for Chevron and Basra Oil Company to share confidential technical…