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<blockquote data-quote="Haven" data-source="post: 147955" data-attributes="member: 5537"><p>[URL unfurl="true"]https://meduza.io/en/feature/2025/11/11/russia-s-oil-empire-stumbles-as-lukoil-halts-output-in-iraq-under-u-s-sanctions-pressure[/URL]</p><p></p><p>"The international operations of Russian oil major <strong>Lukoil</strong> have been severely hampered by U.S. sanctions imposed last month, forcing the company to declare <strong>“force majeure”</strong> at its crucial <strong>West Qurna-2 field in Iraq</strong> on Monday.</p><p></p><p>The Iraqi field is Lukoil’s most prized foreign asset, accounting for about <strong>9 percent</strong> of the country’s total oil output (480,000 barrels per day). Due to the sanctions, Iraq has <strong>halted all cash and crude payments</strong> to the company, leading to the cancellation of roughly <strong>4 million barrels of crude oil</strong> allocated to Lukoil for November."</p></blockquote><p></p>
[QUOTE="Haven, post: 147955, member: 5537"] [URL unfurl="true"]https://meduza.io/en/feature/2025/11/11/russia-s-oil-empire-stumbles-as-lukoil-halts-output-in-iraq-under-u-s-sanctions-pressure[/URL] "The international operations of Russian oil major [B]Lukoil[/B] have been severely hampered by U.S. sanctions imposed last month, forcing the company to declare [B]“force majeure”[/B] at its crucial [B]West Qurna-2 field in Iraq[/B] on Monday. The Iraqi field is Lukoil’s most prized foreign asset, accounting for about [B]9 percent[/B] of the country’s total oil output (480,000 barrels per day). Due to the sanctions, Iraq has [B]halted all cash and crude payments[/B] to the company, leading to the cancellation of roughly [B]4 million barrels of crude oil[/B] allocated to Lukoil for November." [/QUOTE]
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