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Iraq approves ‘amicable settlement’ with Russia’s Lukoil...
18 Feb, 2026 12:25 247 min read
The Iraqi cabinet approved an amicable settlement with Lukoil for the West Qurna-2 oilfield operation transfer to Basra Oil Company. This follows U.S. sanctions on Lukoil due to the Ukraine conflict. The field has 14 billion barrels in recoverable reserves, significant for Iraq's oil output.... More