Chevron Moves to Acquire Lukoil's Major West Qurna 2 Oilfield in Iraq
Chevron will have exclusive rights for one year to negotiate the takeover of West Qurna 2, a field producing over 400,000 barrels per day, pending regulatory approvals.
7 Articles
7 Articles
Chevron Moves to Acquire Lukoil's Major West Qurna 2 Oilfield in Iraq
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 prelimina…
Chevron and Iraq agree to exclusive talks on West Qurna-2 oilfield
Chevron gets rights to exclusive talks for a year Iraq nationalised field after US sanctions on Lukoil Chevron’s Iraq expansion follows Hess acquisition Chevron has entered into exclusive talks with Iraq over the giant West Qurna-2 oilfield, moving closer to acquiring the asset from sanctioned Russian oil company Lukoil. The talks, which Chevron said will include the exchange of confidential data, could expand the US oil major’s footprint in Ira…
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