Reuters reported on the exclusion of the possibility of Iraq buying Lukoil assets

In Iraq, they exclude the possibility of buying assets of the Russian company Lukoil. This was reported on November 17 by the Reuters news agency, citing the country's energy ministers.

"The Iraqi Oil Ministry has ruled out the possibility of the state buying Lukoil's stake in the West Qurna–2 field, stating that the project is too large—scale for Iraqi state-owned companies," the material says.

It is specified that the Iraqi government is discussing the lifting of sanctions by the US Treasury Department for six months so that Lukoil has more time to sell its stake in the West Qurna–2 oil field.

Drilling rigs: who is claiming Lukoil's assets

After the postponement of US sanctions, the Russian company announced negotiations with potential buyers.

On October 22, the US Treasury announced the imposition of sanctions against Russian oil companies Rosneft and Lukoil. On October 27, the company announced its intention to sell its foreign assets.

On October 30, the press service of Lukoil announced the approval of a deal to sell 100% of the international company LUKOIL International GmbH Gunvor. It was noted that its final implementation required the approval of the Office of Foreign Assets Control of the U.S. Treasury (OFAC), as well as other licenses and permits from the authorities of other countries where the company operates. Later, on November 7, the company withdrew its offer to purchase Lukoil's assets.

On November 14, Lukoil's website reported that negotiations on the sale of international assets were underway with several potential buyers. The Company is also in regular cooperation with the authorities in the regions of its operations.

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