West Qurna Phase-2

  • Iraq OKs Statoil sale of oilfield stake

    Iraq OKs Statoil sale of oilfield stake

    Thursday, 8th March 2012
    Iraq has approved the sale by Norway's Statoil ASA of its minority stake in a giant oil field to Lukoil OAO, making the Russian firm the sole foreign partner in one of Iraq's biggest new oil projects, two Iraqi oil industry sources said on Wednesday.