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Lukoil Faces Sanctions and Disruptions Amid US and Political Pressures

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Source: Reuters
Lukoil Faces Sanctions and Disruptions Amid US and Political Pressures
Photo: Reuters
TL;DR

Lukoil has declared force majeure at Iraq's West Qurna-2 oilfield due to US and UK sanctions disrupting its operations, leading to halted payments and potential exit from the project if issues persist beyond six months.

Topics:worldbusiness#business#force-majeure#iraq#lukoil#oilfield#us-sanctions
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  1. Exclusive: Lukoil declares force majeure at Iraqi oilfield after US sanctions  Reuters
  2. Lukoil international assets facing disruptions from US sanctions  Reuters
  3. Lukoil Declares Force Majeure on Iraqi Oil After Sanctions  Bloomberg.com
  4. Trump Administration Blocks Gunvor Takeover of Russian Oil Assets - WSJ  The Wall Street Journal
  5. Trading firm Gunvor, accused by US of being 'Kremlin's puppet,’ drops plan to buy Lukoil assets  AP News

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