Lukoil's Iraq Oil Field Frozen Due to US 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

Recorded11 Nov 2025

Publisherfeeds.acast.com ↗

Handlerec:2198006

Show notes

Lukoils Iraqi Oil Operations Halted: US Sanctions Impact Global Energy MarketsThe Iraqi government has terminated its partnership with Russian oil company Lukoil due to US sanctions, affecting the West Qurna-Two oil fields operations. Lukoil, holding a 75% stake, has declared force majeure, unable to pay employees due to sanctions. The US Treasury blocked Lukoils sale of international operations, risking global assets. Iraqi officials suspended crude oil payments to Lukoil, impacting planned shipments and highlighting sanctions global energy market effects.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.