US Backs Iraq’s Plan to Move Lukoil Oil Field to American Firm

The US government is backing Iraq’s plan to transfer Lukoil PJSC’s stake in a giant oil field to an American company, days before a sanctions waiver on the Russian firm...

By Anthony Di Paola, Salma El Wardany · Bloomberg Markets

The US government is backing Iraq’s plan to transfer Lukoil PJSC’s stake in a giant oil field to an American company, days before a sanctions waiver on the Russian firm is set to expire.