The Iraqi government has reviewed a proposed settlement with Lukoil following its withdrawal from the West Qurna 2 field.
The discussions took place during a meeting chaired by Prime Minister Mohammed Shia Al-Sudani, with the participation of Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani Al-Sawad, Finance Minister Taif Sami, and senior oil ministry officials.
The meeting addressed the legal framework for a final settlement with Lukoil, examining the causes of delays and agreeing on key points to establish a legal basis for the agreement. A final recommendation has been submitted to the Council of Ministers for decision.
In February, the Prime Minister’s Office reported that the cabinet had approved a settlement with Lukoil to transfer operations to Basra Oil Company (BOC).
