Chevron’s Iraq oilfield gamble: one-year exclusive talks for West Qurna 2 after Lukoil sanctions
BAGHDAD, February 25, 2026, 11:00 Chevron has locked in a year-long window to hammer out a potential deal with Iraq on the West Qurna 2 oilfield, after sanctions pressured Russia’s Lukoil out of the picture. The U.S. oil giant confirmed it’s talking with state-run Basra Oil Company, with both sides set to swap confidential information. https://www.reuters.com/business/energy/chevron-basra-oil-co-exchange-data-enter-exclusive-talks-over-west-qurna-2-2026-02-23/