Lukoil's Iraq Oil Field Crisis: Force Majeure & Sanctions

episode

Business News Today | 2 Min News | The Daily News Now! not yet transcribed

▲ 0

Transcript

This episode hasn't been transcribed yet Upvotes decide what gets transcribed next — 0 so far. Sign in to upvote

More from Business News Today | 2 Min News | The Daily News Now!

Japanese Capsule Hotels: Budget Solution for London Hybrid Workers 1 min · 20 Dec 2025

Russia's War Economy: Sustainable or Unsustainable? 2 min · 20 Dec 2025

All episodes from Business News Today | 2 Min News | The Daily News Now! →

Report any issue

Source

Recorded10 Nov 2025

Publisherfeeds.acast.com ↗

Handlerec:2198882

Show notes

Force Majeure Declared at Lukoils Iraqi Oil Field: Iraq Freezes Payments, Lukoil Warns of Potential WithdrawalIn a significant development, Russian oil giant Lukoil has declared force majeure at the West Qurna-Two oil field in Iraq due to sanctions imposed by Western countries. Iraq has responded by freezing all payments to Lukoil, and the company has warned of potential withdrawal from the project, which could significantly impact Iraqs oil production.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.