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)
