The Iraqi government has approved a move to take over operations at the West Qurna 2 oilfield under provisions in its technical service contract with Russia’s Lukoil, following the company’s declaration of force majeure in November, Reuters reported on Wednesday. The step allows Iraq to ensure continued production after Lukoil cited operational constraints linked to Western sanctions on Russia. West Qurna 2, one of Iraq’s largest producing fields at around 470,000 barrels per day, is state-owned and operated under a service…
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