Iraqi Oil Sector Set For Change As Political Crisis Intensifies

Statoil is seeking an exit from its stake in the giant 1.8mn b/d West Qurna-2 field development, MEES learns. The move, if realized, would be significant in that this would be first such divestment from the Iraqi bidding round projects, which when awarded in 2009 constituted the most highly sought after acreage in oil industry history. But happen or not, Baghdad’s oil strategy looks set to take a hammering, with at least...