Chevron Seeks Improved Terms from Baghdad Before Assuming Control of West Qurna 2
Chevron is pressing Iraqi authorities for more favorable contractual returns as a precondition to acquiring the West Qurna 2 oilfield from Lukoil, following Iraq's nationalisation of the asset amid U.S. sanctions on the Russian company. Discussions between Chevron and Iraq's oil ministry are ongoing, with any revised deal requiring cabinet approval…