Iraq's cabinet approves nationalization of West Qurna 2 oilfield operations

Iraq"s cabinet has approved the nationalization of operations at the West Qurna 2 oilfield, which was previously operated by Russia"s Lukoil. This decision aims to prevent production disruptions amid ongoing U.S. sanctions.

The move reflects Iraq"s efforts to maintain stability in its oil production sector, which is crucial for the country"s economy. The West Qurna 2 oilfield is one of Iraq"s largest oilfields, and its operations are vital for the nation"s energy output.

This decision comes at a time when various geopolitical factors are influencing oil production and international relations in the region. As previously reported, there have been recent developments involving other nations in the Middle East, including Turkey"s support to the Syrian Army in Aleppo.

The nationalization of the West Qurna 2 oilfield is part of Iraq"s broader strategy to secure its oil resources and ensure continuous production despite external pressures.