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macroJul 5, 2026, 1:13 AM

Iraq Approves Preliminary Pipeline Deal with Chevron-Led Consortium

The Iraqi cabinet has approved a preliminary agreement between Basra Oil Company and a consortium including Chevron, Capital TI, and Qatar's UCC for strategic pipeline projects.

The Iraqi cabinet has given the green light for Basra Oil Company to sign a preliminary agreement with a consortium that includes Chevron, Capital TI, and Qatar's UCC. The deal covers strategic pipeline projects, according to an official statement.

This move is part of Iraq's efforts to expand its energy infrastructure and attract foreign investment. Further details on the scope and timeline of the projects have not yet been released.

Source: First Squawk