Chevron CFO sees 'significant potential' for Iraq expansion over next decade

BAGHDAD, Iraq — Chevron's Chief Financial Officer Eimear Bonner said the U.S. energy company sees "significant potential" to expand its operations in Iraq over the next decade, citing recent agreements on the West Qurna 2 and Nasiriyah oil fields. Bonner's remarks come as Chevron works to strengthen its position in production areas in the Persian Gulf region, with the company's Middle East footprint playing a larger role in its global investment strategy. The company said it will continue long-term investment plans in Iraqi energy projects and is refocusing on development work around Basra, with steps aimed at raising production capacity. The West Qurna 2 and Nasiriyah agreements were cited as central to the company's outlook. Bonner, one of Chevron's senior finance executives, framed Iraq as a key element of the company's broader investment priorities. The comments signal continued commitment to expanding operations in southern Iraq even as the company pursues its wider international strategy.