Russian oil giant Lukoil declared force majeure at its giant field in Iraq, sources told Reuters on Monday, and Bulgaria was poised to seize its Burgas refinery, as the company's international operations buckled under the strain of U.S. sanctions.
The force majeure at the West Qurna-2 field in Iraq marks the biggest fallout yet from the sanctions imposed on Russian oil majors Lukoil and Rosneft last month as part of U.S.
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