Key Takeaways Chevron signed an agreement with Iraq's Ministry of Oil to develop Nassiriya and Balad oilfields.Nassiriya holds 4.36B barrels of proven reserves, making it a key part of Iraq's production plans.The deal includes gas capture for Iraq's GGIP, aiding energy security and cutting costly imports.Chevron Corporation (CVX) , a Houston, TX-based integrated oil and gas company, has officially re-established its presence in Iraq by signing an agreement in principle with the country’s Ministry of Oil. Un ...