BP is considering quitting upstream operations in Iraq, where the supermajor operates the biggest oilfield, Iraqi Oil Minister Ihsan Abdul Jabbar Ismaael said in a video posted on the oil ministry’s Facebook page and quoted by Reuters. Another foreign oil company, Russia’s second-largest oil producer Lukoil, has informed Iraq that it wants to sell its majority interest in the West Qurna-2 oilfield to Chinese firms, the Iraqi minister added. According to Ismaael, Iraq’s current investment climate is not suitable for keeping international…
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