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Chevron to sign MOUs with Iraq for West Qurna 2 and Nassiriya oilfields

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Chevron to sign MOUs with Iraq for West Qurna 2 and Nassiriya oilfields

Chevron plans to sign memorandums of understanding with the Iraqi government on Friday to advance its interests in the West Qurna 2 and Nassiriya oilfields. The update is modestly positive as it supports continuity/expansion of upstream operations in a key producing region, but no financial terms or production volumes were provided.

Analysis

Chevron plans to sign memorandums of understanding with the Iraqi government on Friday to advance its interests in the West Qurna 2 and Nassiriya oilfields. The update is modestly positive as it supports continuity/expansion of upstream operations in a key producing region, but no financial terms or production volumes were provided.

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