Chevron in Exclusive Talks to Acquire West Qurna 2 Oilfield in Iraq

• Tuesday, 24th February 2026
• by Fatma Ahmed

Chevron has begun exclusive negotiations with Iraq over the massive West Qurna 2 oilfield, bringing it closer to taking over the asset from Russian producer Lukoil, which is under sanctions, according to Reuters. Chev...

Basra Oil Company gains control over Lukoil’s West Qurna2 field

• Wednesday, 18th February 2026
• by Fatma Ahmed

The Iraqi cabinet approved what it described as an “amicable settlement” with Russia’s Lukoil over the transfer of operations at the giant West Qurna 2 oil field to the state-run Basra Oil Company, Reuters reported, c...

Iraq Moves to Nationalize West Qurna 2 Oilfield Operations

• Thursday, 8th January 2026
• by Fatma Ahmed

Iraq’s cabinet has endorsed the takeover of petroleum operations at the West Qurna 2 oilfield, one of the largest globally, following terms set out in the service contract with Russia’s Lukoil, as reported by Reuters....

Lukoil to Double Oil Production at Iraq’s West Qurna-2

• Sunday, 13th May 2018
• by Editorial Team

Russia’s Lukoil, in conjunction with local state-run Basra Oil Company, aims to double production from Iraq’s West Qurna-2 oil field to 800,000 barrels per day (b/d) by 2025, OilPrice.com reported. The com...

Lukoil to Boost Iraq’s Oil Output

• Tuesday, 11th October 2016
• by Egypt Oil & Gas

Lukeoil, one of Russia’s biggest oil producer, submitted a request to the Iraqi authorities to amend the servicing contract for the West Qurna-2 oilfield which is located in southern Iraq, 65km Northwest of Basr...