Chevron in talks for stake in giant Iraq oilfield after Lukoil sanctions
US major says it is negotiating for West Qurna 2, which produces 10% of Iraq’s crude
US major says it is negotiating for West Qurna 2, which produces 10% of Iraq’s crude

Trump administration signals support for proposal to divvy up sanctioned Russian company’s international businesses

Agreement comes after US targeted Russian company with sanctions in October

Supermajor to focus on boosting production from existing operations rather than fast-track expansion, says finance chief

Washington also takes steps to reduce disruption stemming from sanctions it has imposed on Russian oil producer

Russia’s second-largest oil producer makes move after the US imposed sanctions on the company

With Hess deal completed and Venezuela license returned the company is on path to rebuilding operations