Chevron, Iraq to Further Commercial Negotiations for West Qurna, Nasiriyah Oil Fields; Explore Cross-Border Mediterranean Pipline-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Chevron, Iraq to Further Commercial Negotiations for West Qurna, Nasiriyah Oil Fields; Explore Cross-Border Mediterranean Pipline

MT Newswires Live03:08

Chevron (CVX) subsidiary Chevron Exploration Services and Iraqi state-owned Basra Oil have signed an agreement to further their commercial negotiations regarding the West Qurna Phase 2 oil field, a company spokesperson told MT Newswires in an emailed response Friday.

Chevron Business Development EMEA and another Iraqi state-owned company, Thi Qar Oil, signed an addendum to their August 2025 agreement to advance commercial negotiations for the Nasiriyah Field and surrounding Nasiriyah Exploration Area, Chevron spokesperson said.

Additionally, governments of Iraq and Syria have signed an head of agreement with Urbacon Concessions Investment, a unit of Qatar's UCC Holding, and Chevron Business Development EMEA for a potential cross-border oil pipeline project from Iraq through Syria to the Mediterranean Sea, according to the company spokesperson.

Financial terms related to the projects were not disclosed.

Shares of Chevron were up 1.6% in Friday trading.

Price: 186.77, Change: +2.91, Percent Change: +1.58

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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