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Iraqi minister says BP mulls quitting Iraq, Lukoil wants to sell up

Published 03/07/2021, 19:38
Updated 03/07/2021, 19:40
© Reuters. FILE PHOTO: A sign is seen outside BP's North Sea Headquarters in Aberdeen, Scotland January 15, 2015. REUTERS/Russell Cheyne/File Photo
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BAGHDAD (Reuters) - Iraqi Oil Minister Ihsan Abdul Jabbar said in a video posted on Saturday on the ministry's Facebook (NASDAQ:FB) page that BP (LON:BP) was considering withdrawing from Iraq, and that Russia's Lukoil had sent a formal notification saying it wanted to sell its stake in the West Qurna-2 field to Chinese companies.

© Reuters. FILE PHOTO: A sign is seen outside BP's North Sea Headquarters in Aberdeen, Scotland January 15, 2015. REUTERS/Russell Cheyne/File Photo

Abdul Jabbar said the investment environment in Iraq was unsuitable for retaining major investors.

The statements were made during a parliamentary session on June 29 to which Abdul Jabbar was invited, oil ministry sources said.

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