What Is Chevron (CVX) Eyeing In Iraq With The West Qurna 2 Field?

Chevron (NYSE:CVX) has entered a preliminary agreement with Iraq's Oil Ministry for exclusive talks to operate the West Qurna 2 field. The deal would see Chevron take over operatorship from Russia's Lukoil at West Qurna 2, one of Iraq's supergiant oil fields. Iraqi officials have outlined an opportunity to double output at West Qurna 2 as part of the prospective Chevron operated development plan. Chevron's move to negotiate control of West Qurna 2 in Iraq is a key shift investors should...