By John Lee.
The Iraqi government has confirmed tax settlement arrangements related to operations at the West Qurna 2 oil field, as part of broader contractual and financial adjustments.
Under the decision, North Oil Company (NOC), as the government partner in the contract, will settle the tax obligations in accordance with Decision No. 41 of 2026.
The Council of Ministers also confirmed that outstanding liabilities attributed to Russia's Lukoil have been incorporated into the total value of the final settlement approved under Decision No. 129 of 2026.
The settlement framework includes tax dues for the years 2025 and 2026.
(Source: PMO)
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