Statoil Set to Depart Iraq

摘要

The sale of Norwegian Statoil's 18.75% stake in the West Qurna Phase 2 oil development in Iraq to operator Russian Lukoil is "more or less completed," International Oil Daily is told (IOD Mar.8'12). Statoil is understood to have this week received a final letter from the oil ministry approving the sale, but awaits a further letter of approval from its Iraqi state partner in the venture, North Oil Co. (NOC), as required by the ministry's Petroleum Contracts and Licensing Directorate (PCLD).