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Iraq’s BOC Awards Contract for Managing West Qurna 2 Oilfield to Italian Firm

Iraq's state-owned Basra Oil Company (BOC) has subcontracted management of the West Qurna-2 oil field to a consortium of Italian engineering firm Bonatti and local firm Hilal al-Basra [Crescent Basra].

West Qurna-2, operated by Lukoil under a service contract, is fully state-owned. Following recent US sanctions on Lukoil and the company declaring force majeure, the Iraqi Council of Ministers approved the transfer of operational management of the field to BOC.

Bonatti has previously provided services at West Qurna 2, and also at the Badra and Zubair fields.

Along with the Chinese company Geo-Jade, Hilal al-Basra has agreed to invest in the integrated development project at the Tuba field, in the Zubair district of Basra, and in related projects in the area.

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