LUKOIL expanding in Qurna interest

The Iraqi government has approved plans by LUKOIL to acquire Statoil’s interest in the West Qurna-2 oil field Iraq. As a result of the deal, the Russian oil producer will be able to consolidate a 75 per cent interest.

It is possible that LUKOIL may sell on this interest to another foreign partner. It remains unclear why Statoil decided to pull out

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