Iraqi minister says BP mulls quitting Iraq, Lukoil wants to sell up

Iraqi Minister of Oil Ihsan Abdul Jabbar reads documents at the Basra Oil Company in Iraq’s southern port city, on May 9, 2020. (AFP)

SULAIMANI (ESTA) — Iraqi Oil Minister Ihsan Abdul Jabbar said on Saturday that BP was considering withdrawing from Iraq.

Abdul Jabbar said in a video posted on the ministry’s Facebook page that Russia’s Lukoil had sent a formal notification saying it wanted to sell its stake in the West Qurna-2 field to Chinese companies.

He further said the investment environment in Iraq was unsuitable for retaining major investors.

The statements were made during a parliamentary session on June 29 to which Abdul Jabbar was invited, oil ministry sources said.

(Esta Media Network/Reuters)

Previous Article

Iran denies links to attacks on U.S. forces in Iraq, Syria

Next Article

At least 29 killed in Philippines military plane crash

Related Posts