Iraq Cancels Lukoil Cargoes as U.S. Sanctions Bite

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مدعوم بالذكاء الاصطناعي
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Iraq's SOMO canceled three crude oil loadings from Lukoil due to recent U.S. sanctions against the Russian oil producer. This disruption impacts the supply of crude oil from the West Qurna-2 oilfield, where Lukoil holds a significant stake, potentially affecting global oil markets.

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Market impact analysis based on bearish sentiment with 75% confidence.

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Bearish
ثقة الذكاء الاصطناعي
75%

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Iraq’s state oil marketing company SOMO has canceled three crude loadings from Russia’s Lukoil this month after the U.S. sanctioned the second-biggest Russian oil producer last month, market sources have told Reuters. Lukoil has a 75% equity stake in Iraq’s giant West Qurna-2 oilfield, which produces more than 400,000 barrels per day (bpd) of crude oil. The three loadings from Lukoil from its production at West Qurna-2 were scheduled for November 11, 18, and 26, but Iraq apparently doesn’t want to handle the now-sanctioned…

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المقال الأصلي منشور بواسطة OilPrice.com في نوفمبر 5, 2025.
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