BAGHDAD (Reuters) – Iraqi Oil Minister Ihsan Abdul Jabbar said in a video posted on Saturday on the ministry’s Facebook (NASDAQ 🙂 page that BP (NYSE 🙂 was considering withdrawing from Iraq and that Russia’s Lukoil had sent a formal notification saying it wanted to sell its stake in the West Qurna-2 field to Chinese companies.
Abdul Jabbar said the investment environment in Iraq was not suitable to retain major investors.
The remarks were made during a parliamentary session on June 29 to which Abdul Jabbar was invited, sources from the Oil Ministry said.
Fusion Media or anyone involved with Fusion Media will not accept any responsibility for loss or damage as a result of reliance on information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.