CAIRO, Aug 19 (Reuters) – Iraq signed an agreement in principle with U.S.’ Chevron
for the Nassiriya project that consists of four exploration blocks in addition to the development of other producing oil fields, Iraq’s prime minister said on Tuesday.
In 2021, Iraq authorised National Oil Company (NOC) to negotiate with U.S. group Chevron over development of oilfields in Nassiriya, in the Iraqi southern province of Dhi Qar.
The ministry at the time said its plan in the province included the completion of a group of giant projects in the oil and gas and water injection sectors, with targeted initial capacity of 600,000 barrels of crude oil per day within seven years of starting work.
Prime Minister Mohammed Shia al-Sudani said the government adopted a new approach in dealing with major international oil companies and their investments in Iraq, especially U.S. companies, his office said.
Reporting by Jaidaa Taha and Muhammad Al Gebaly Editing by Tomasz Janowski
