Iraq begins a major transition in its oil sector through the West Qurna 2 shift. The government invites leading American companies to take over operations at the massive southern field. This move aims to protect national interests and stabilize the global energy market.
Officials confirm that the oil ministry contacted several major US firms. They say these companies now have a direct invitation to compete for the field. The ministry wants strong and experienced operators who can manage large production levels.Because of this goal, leaders see American firms as ideal candidates.
The West Qurna 2 shift follows recent international sanctions placed on the former operator. Those sanctions disrupted operations and created uncertainty.Therefore, officials moved quickly to secure a reliable replacement. They stress that Iraq needs stable leadership for one of the world’s biggest oil fields.
Experts explain that the shift could improve production security. They add that American companies bring advanced technology and strong financial capacity. These strengths support long-term development and efficient management.In addition, the transition could strengthen Iraq’s relationship with US investors.
The ministry states that transferring the field to a US company supports mutual interests. Leaders say this step increases market stability and protects output levels. They also claim that strong partnerships encourage wider investment across Iraq.
Reports earlier raised doubts about the former operator’s ability to continue. Those concerns grew as global buyers moved away from sanctioned firms. Many buyers searched for new suppliers to avoid financial risks. The shift in Mosul reflects these global energy changes.
Specialists mention that some observers expect a major American company to lead the project.However, the company has not commented on the issue. Analysts note that the firm recently returned to Iraq and reached an early agreement in another southern field. This return shows renewed interest in Iraq’s energy sector.
Iraq continues to attract foreign investment as security improves. Officials hope to bring more American firms into key sectors. They say that reliable investors help modernize the economy.Energy remains the main source of national income, so strong partners remain important.
The country exports millions of barrels every day. Oil sales form most of the government’s revenue. Because of this dependence, Iraq focuses on efficiency, technology, and long-term stability. The West Qurna 2 shift plays a major role in this strategy. It aims to secure output, attract investment, and strengthen global cooperation.