Iraq/Russia: Iraq to Nationalise West Qurna 2 Oilfield Operations, Government Says

Jan 8, 2026 | Moayed Kenany and Ahmed Rasheed
Reuters
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Iraq's cabinet has approved plans to nationalise operations at the West Qurna 2 oilfield, one of the world's largest, as the government looks to avert disruptions stemming from U.S. sanctions imposed on Russian stakeholder Lukoil. State-run Basra Oil Company will take over the oilfield's operations for 12 months, two officials at the firm told Reuters.