Russian energy giant agrees to sell assets to US companies, including those in Iraq

Lukoil has faced extensive EU and US sanctions owing to its alleged involvement in funding Moscow's war in Ukraine.

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Iraq invites US companies to manage massive Russian-operated oilfield

“The transfer of the management of the West Qurna 2 field to one of the American oil companies will serve common interests, enhance the stability of global markets, and ensure the continuity of Iraqi oil production operations and its market share, as well as the sustainability of the state's resources,” the oil ministry said in a statement. 

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Iraqi PM meets Russia's Lukoil founder to discuss oil production amid US sanctions

Lukoil, one of Iraq's largest foreign investors, has been sanctioned by the US Treasury Department over Moscow's invasion of Ukraine in 2022 and ongoing occupation of portions of the country.

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