ExxonMobil and Chevron are going head-to-head in an effort to secure Lukoil’s Iraq assets, multiple sources tell MEES. Iraq’s oil ministry announced on 1 December that it will only conduct talks “directly and exclusively” with American firms to replace Lukoil at the giant 480,000 b/d-capacity West Qurna-2 (WQ-2) oilfield in Basra.

The ministry said that bringing a US operator at WQ-2 would “enhance economic cooperation between Iraq and the US,” as the caretaker government seeks to secure goodwill from the Trump administration. (CONTINUED - 1058 WORDS)

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