The Iraqi Ministry of Oil has announced a strategic move to sustain national oil production and safeguard its steady flow to global markets by inviting several major American oil companies to participate in the management of the West Qurna-2 oil field.
According to the Ministry, the process involves direct and exclusive invitations to selected companies, followed by transparent negotiations and competitive bidding. The goal is to assign the field’s management to the winning company under established criteria for oil field development.
The Ministry highlighted that transferring management to a US company will serve mutual interests, stabilise global markets, maintain Iraq’s production rates and market shares, and ensure state revenue continuity. This step also aims to strengthen economic ties with the United States, encourage technology transfer, and provide mutual benefits for both countries.
Experts note that the involvement of leading American companies in Iraq’s oil sector reinforces the country’s strategic role in the global energy market and introduces diverse international expertise to local operations. The Ministry emphasised that this initiative aligns with Iraq’s long-term economic and strategic goals.
Source: Iraqi Ministry of Oil
- Published: 02 December, 2025
- Location: Baghdad
- Country: Iraq
- Editor: Nour Ghanem
- Category: Energy
