Oil Minister Announces Agreements with Chevron on West Qurna 2 Field Development

The Minister of Oil, Basim Mohammed Khudair Al-Abadi, announced today, Tuesday, that agreements have been reached with the American company Chevron regarding the development contract of the West Qurna 2 field, with plans to sign the contract by the end of this year. A ministry statement indicated that Al-Abadi discussed with Chevron's General Manager of Business Development, Joe Cook, the completion of negotiations concerning the field, as well as ongoing discussions about the development contract for the Nasiriyah field and four exploratory blocks. The minister affirmed the ministry's readiness to provide full support to American companies operating in Iraq and to remove obstacles they face, noting that these companies possess extensive expertise in oil field development, technology transfer, and human resource training. For his part, Joe Cook expressed his hope to build a long-term partnership with the ministry in the West Qurna 2 and Nasiriyah fields, appreciating the efforts to finalize agreements by the end of the current year.