West Qurna 2 Field at the Center of Iraq’s Invitation to U.S. Companies
Iraq’s Ministry of Oil is taking new regulatory steps to reinforce production stability, including issuing direct invitations to major U.S.
oil companies to enter negotiations for managing the West Qurna 2 field in Basra province.
The move aims to ensure uninterrupted oil flows to global markets while maintaining output levels.
According to official statements, the ministry has adopted a transparent competitive process among the invited firms, in line with approved standards for oil field development.
The objective is to appoint the most qualified operator to manage the West Qurna 2 field, supporting sustainable production and preserving Iraq’s market share.
Production Stability and Market Balance
Officials believe that transferring management of the West Qurna 2 field to a leading U.S.
company would strengthen global market stability, secure continuous production, and safeguard state revenues over the medium and long term.
Economic Partnership and Technology Transfer
The initiative is also expected to deepen economic ties between Iraq and the United States, facilitate the transfer of advanced technologies, and diversify international expertise within Iraq’s oil sector—contributing to long-term economic and strategic sustainability.
