According to media reports, Baghdad has decided to nationalize the operations of the West Qurna-2 oilfield, owned by Lukoil.
Basra, Iraq's state-owned oil company, will temporarily assume management of the West Qurna-2 oilfield, owned by Russia's Lukoil, representatives of the company report.
The Iraqi government has decided to nationalize operations at the oilfield to ensure its uninterrupted operation amid US sanctions against Lukoil.
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