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Politics

Analysis: Iraq’s 2025 election results

Preliminary results paint a picture of the balance of power in the next Parliament and the dynamics likely to shape government formation and the energy sector.
Security guards stand at the entrance to a polling station in Basra on Nov. 11, 2025. (ALI AL-AQILY/Iraq Oil Report)

Chevron eyes Lukoil’s Iraq assets

The American company is emerging as the leading contender for the 480,000 bpd West Qurna 2 field as U.S. sanctions appear to be squeezing Lukoil out of Iraq.