Sanctions Hit Lukoil's Black Sea Gas Project

Vantage Drilling terminates contract with Lukoil, highlighting sanctions impact on Russian energy giants international operations. The Oslo-listed company cancelled a drilling project in the Romanian Black Sea, previously believed to be with Lukoil, due to sanctions. This comes after Lukoil declared force majeure at its Iraqi oil field and faces sanctions from the US and UK, affecting its overseas energy ventures.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.