Chevron Months Away From Finalizing West Qurna-2 Deal

Chevron is still in the final stages of negotiations to enter Iraq's West Qurna-2 oil field, with CEO Mike Wirth indicating that the process could take several more months. Speaking on Tuesday, Wirth expressed confidence that the talks would conclude with a favorable agreement for the US energy giant.

The West Qurna-2 field, located in southern Iraq, is a significant asset, and Chevron's potential entry could mark a major development in the region's oil sector. Wirth did not provide specific details on the terms of the deal but emphasized that the company is optimistic about reaching a mutually beneficial arrangement.