Iraq plans to invite a select group of major US oil companies for direct negotiations over the acquisition of Lukoil PJSC’s stake in the giant West Qurna-2 oil field, as Baghdad accelerates efforts to reshape ownership of one of its key energy assets.
Iraq plans to invite a select group of major US oil companies for direct negotiations over the acquisition of Lukoil PJSC’s stake in the giant West Qurna-2 oil field, as Baghdad accelerates efforts to reshape ownership of one of its key energy assets.
A picture taken on April 17, 2017 shows flames rising from the burning of excess oil at the West Qurna-2 oilfield, west of Basra in southern Iraq.
Abu Dhabi’s International Holding Co. is exploring a possible acquisition of Lukoil PJSC’s overseas operations, the company said, the latest suitor positioning for opportunities created by Western sanctions on the Russian energy giant.
Abu Dhabi’s International Holding Co. is exploring a possible acquisition of Lukoil PJSC’s overseas operations, the company said, the latest suitor positioning for opportunities created by Western sanctions on the Russian energy giant.
Attendees near the Lukoil PJSC stand at the ADIPEC conference in Abu Dhabi, United Arab Emirates, on Nov. 4.
Russian energy giant Lukoil PJSC dissolved the supervisory board of its international business, the latest sign of how US sanctions — the first of which begin on Friday — are affecting the firm.
Russian energy giant Lukoil PJSC dissolved the supervisory board of its international business, the latest sign of how US sanctions — the first of which begin on Friday — are affecting the firm.
Oil from Lukoil PJSC’s share of a field in Iraq is continuing to flow to global markets, alleviating concerns about supply disruption in the wake of sanctions on the Russian energy giant.
Oil from Lukoil PJSC’s share of a field in Iraq is continuing to flow to global markets, alleviating concerns about supply disruption in the wake of sanctions on the Russian energy giant.
An Iraqi oil worker adjusts valves at an oil refinery.
The seizure of oil refineries in Bulgaria and potentially Serbia shows how Putin’s influence has waned in the region since he invaded Ukraine.
The Lukoil Neftohim Burgas oil terminal near Burgas, Bulgaria, last year. The government has now appointed a manager to find a buyer for Lukoil’s assets in the country.
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