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517 published briefsUTCSat, May 16 04:26:36
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Lukoil Halts Iraqi Operations at West Qurna-2 Amid Sanctions, Citing Force Majeure
Russian energy giant Lukoil has ceased all operations at Iraq’s West Qurna-2 oilfield and declared force majeure, a direct consequence of escalating international sanctions against Moscow.
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Bulgaria Seeks State Control Over Key Lukoil Refinery Amid U.S. Sanctions
Bulgaria’s parliament has enacted new legislation to place the nation’s largest oil refinery, Lukoil Neftochim Burgas, under state control, a direct response to recent U.S. sanctions targeting the Russian energy giant over its war in Ukraine. The move aims to avert a potential shutdown of the crucial Balkan facility.