Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.

home / news releases / LUKFY - BP may quit Iraq Lukoil looks to sell West Qurna stake oil minister says

LUKFY - BP may quit Iraq Lukoil looks to sell West Qurna stake oil minister says

PJSC Lukoil GDR - 144A
Iraq's oil minister says [[BP]] is considering withdrawing from the country's giant Rumaila oilfield, and that Russia's Lukoil (LUKOY) sent a formal notification saying it wanted to sell its stake in the West Qurna-2 field to Chinese companies.The investment environment in Iraq has become unsuitable for retaining major investors, Oil Minister Ihsan Abdul Jabbar said in a video posted on Facebook.Jabbar also said Exxon Mobil (XOM) wants to sell its stake in the West Qurna-1 field for no more than $400M, possibly to state-controlled Basra Oil.WSJ recently reported BP is working on a plan to spin off its operations in Iraq into a standalone company.

For further details see:

BP may quit Iraq, Lukoil looks to sell West Qurna stake, oil minister says
Stock Information
Company Name: PJSC Lukoil GDR - 144A
Stock Symbol: LUKFY
Market: OTC
Website: lukoil.com
Menu
LUKFY LUKFY Quote LUKFY Short LUKFY News LUKFY Articles LUKFY Message Board
Get LUKFY Alerts

News, Short Squeeze, Breakout and More Instantly...