LONDON, Nov 4 (Reuters) - Iraq has cancelled the loading of three crude oil cargoes from Lukoil (LKOH.MM) , opens new tab in November, two market sources said on Tuesday citing concerns over U.S. and UK sanctions on the Russian oil major.

Iraq's state firm Somo cancelled cargoes from Lukoil's equity production at the West Qurna-2 field, the sources said. The cargoes had been meant to load on November 11, 18 and 26, the sources said. Lukoil and Somo were not immediately available for comment.

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Russia's second-largest oil company, Lukoil, was sanctioned by the United States and the United Kingdom in recent weeks, making it very complicated for the company to conduct its normal operations.

The U.S. Treasury Department issued a licence giving companies until November 21 to wind down any transactions with Lukoil and number-one producer Rosneft (ROSN.MM) , opens new tab.

Lukoil last week said it had accepted an offer from global commodity trader Gunvor to buy its foreign assets, which it was seeking to sell after Washington imposed the sanctions.

https://www.reuters.com/business/energy/iraq-cancels-lukoil-oil-cargoes-loading-amid-sanctions-sources-say-2025-11-04/