- Home
- Arab World
- Iraq Invites U.S. Companies to Bid on Oil Field Run by Russia's Lukoil
A picture taken on December 14, 2017 shows the Bin Omar natural gas facility, part of the Basra Gas Company, north of the southern Iraqi port of Basra. ©Haidar Mohammed Ali / AFP
Iraq's oil ministry announced on Monday that it had invited U.S. companies to bid on an oil field that had been operated by the now American-sanctioned Russian company Lukoil for years.
The oil ministry said in a statement it had taken "all necessary measures to directly and exclusively invite several major American oil companies... to submit bids" to take over the management of the West Qurna 2 in southern Iraq, which is one of the world's largest oil fields according to Lukoil.
An oil ministry official told AFP, "The winner takes over as operator instead of Lukoil."
AFP
Read more
Comments