Chevron Explores Acquisition of Iraq's West Qurna 2 Oil Field

Chevron has entered into agreements to potentially acquire Iraq's West Qurna 2 oil field, which is currently managed by Russia's Lukoil. Bloomberg posted on X, highlighting the significance of this move as West Qurna 2 is Iraq's second-largest oil field. The potential acquisition underscores Chevron's strategic interest in expanding its operations in the Middle East, a region known for its vast oil reserves. This development comes amid geopolitical tensions and shifting dynamics in global energy markets. Chevron's exploration of this acquisition reflects its ongoing efforts to enhance its portfolio and strengthen its position in the global oil industry.