Iraq prepares to transfer Lukoil's stake in oil field to American company, US supports proposal

Iraq's Ministry of Oil has proposed that American companies take over a controlling stake in the West Qurna-2 field, currently owned by the Russian firm Lukoil. This decision comes amid the Trump administration's favorable stance on the transfer of Russian global assets to American players. The Iraqi Ministry of Oil has approached American companies with a proposal to take over a controlling stake in the giant West Qurna-2 oil field, owned by the Russian firm Lukoil, amid the Trump administration's favorable stance on the transfer of Russian global assets to American players. This was reported by Bloomberg, writes UNN.