Chevron signs Iraq deals to develop Nasiriyah, Balad oil fields, challenging Russian influence

Chevron has signed preliminary agreements with Iraq's Oil Ministry to develop the supergiant Nasiriyah field and other blocks, marking a U.S. push to regain influence in Iraq's energy sector. This challenges Russia's dominant position, particularly at the West Qurna field, and could shift regional energy dynamics. The deals are preliminary, so final terms and execution remain uncertain.