Iraqi minister says BP mulls quitting Iraq, Lukoil wants to sell up

(Reuters) – BAGHDAD, July 3 (Reuters) – In a video posted on the ministry’s Facebook page on Saturday, Iraqi Oil Minister Ihsan Abdul Jabbar said that BP (BP.L) was considering leaving the country and that Russia’s Lukoil (LKOH.MM) had sent a formal notification that it wanted to sell its stake in the West Qurna-2 field to Chinese companies. According to Abdul Jabbar, Iraq’s investment climate is unfit for keeping significant investors. According to oil ministry officials, the allegations were made during a legislative session on June 29 to which Abdul Jabbar was invited. Ahmed Rasheed contributed reporting, and Kevin Liffey edited the piece. The Thomson Reuters Trust Principles are our standards./nRead More