Lukoil declares force majeure at Iraq's West Qurna-2 field due to sanctions

Russia"s Lukoil has declared force majeure at the West Qurna-2 oil field in Iraq, which produces over 480,000 barrels per day and is known for holding one of the world"s largest oil reserves. The company cited disruptions caused by U.S. and UK sanctions as the reason for this declaration.

This announcement comes amid ongoing geopolitical tensions and highlights the impact of international sanctions on oil production in the region. The West Qurna-2 field is a significant asset for Lukoil and the Iraqi oil sector.

For related coverage, see recent developments in other geopolitical matters.