Basra Oil Company gains control over Lukoil’s West Qurna2 field

• Wednesday, 18th February 2026
• by Fatma Ahmed

The Iraqi cabinet approved what it described as an “amicable settlement” with Russia’s Lukoil over the transfer of operations at the giant West Qurna 2 oil field to the state-run Basra Oil Company, Reuters reported, c...

Carlyle, Chevron-Led Group Compete for Lukoil Assets Ahead of U.S. Deadline

• Tuesday, 13th January 2026
• by Fatma Ahmed

Several investor groups, including private equity firm Carlyle and a consortium comprising Chevron, Quantum Capital Group, and Abu Dhabi-based International Holding Company (IHC), are vying to acquire the global asset...

Iraq Moves to Nationalize West Qurna 2 Oilfield Operations

• Thursday, 8th January 2026
• by Fatma Ahmed

Iraq’s cabinet has endorsed the takeover of petroleum operations at the West Qurna 2 oilfield, one of the largest globally, following terms set out in the service contract with Russia’s Lukoil, as reported by Reuters....