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Lukoil Declares Force Majeure Amid US Sanctions Impact

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Source: Bloomberg.com
Lukoil Declares Force Majeure Amid US Sanctions Impact
Photo: Bloomberg.com
TL;DR Summary

Lukoil declared force majeure on oil shipments from its West Qurna 2 field in Iraq due to US sanctions, impacting its international operations and leading to canceled cargoes, with the field's operatorship transferred to Iraqi firms to maintain production.

Topics:world#business#force-majeure#iraq#lukoil#oil-shipments#sanctions
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  1. Lukoil Declares Force Majeure on Iraqi Oil After Sanctions  Bloomberg.com
  2. Russian oil firm’s multibillion-dollar assets overseas at risk as US sanctions begin to bite  CNN
  3. Exclusive: Lukoil declares force majeure in Iraq over US sanctions, sources say  Reuters
  4. Trump Administration Blocks Gunvor Takeover of Russian Oil Assets - WSJ  The Wall Street Journal
  5. Race to Run Lukoil Assets Heats Up With Days to Sanctions Cutoff  Bloomberg.com

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