Iraq is growing its cooperation with main U.S. strength companies so that you can improve investment, introduce superior technologies, and construct local knowledge throughout its petroleum region.
latest bulletins highlighted the authorities’s developing partnerships with companies together with Halliburton and Chevron. those collaborations are intended to guide area development, enhance infrastructure, and teach Iraqi expertise in key areas which includes Basra and Nasiriyah.
On August 19, 2025, Iraq’s prime Minister Mohammed Shia Al-Sudani showed the signing of a initial agreement with Chevron.
The Chevron deal makes a speciality of exploration in 4 oil blocks placed inside the southern province of Dhi Qar in addition to development of the Balad oil discipline in critical Iraq.
Baghdad has presented this agreement as a turning factor in its policy closer to worldwide oil groups, with an emphasis on manufacturing increase, refining ability, gasoline utilization, and environmental requirements.
enterprise reports observe that the Nassiriyah oil subject, that is a part of the agreement, holds greater than four billion barrels of recoverable reserves.
the new cooperation is anticipated to restore output stages and repair ability that had previously been confined by means of OPEC+ quotas.
