Iraq: Lukoil Faces Staffing Issues amid Coronavirus

Iraq: Lukoil Faces Staffing Issues amid Coronavirus
TT

Iraq: Lukoil Faces Staffing Issues amid Coronavirus

Iraq: Lukoil Faces Staffing Issues amid Coronavirus

Russia’s second oil producer Lukoil is running into difficulties staffing its assets in Iraq due to the new coronavirus and associated restrictions, chief executive Vagit Alekperov, was cited on Saturday by Interfax news as saying.

Lukoil manages the West Qurna 2 oilfield, 65 km (40 miles) north-west of Basra.

The producer It is one of the world’s largest fields, with reserves of around 14 billion barrels, according to Lukoil.

“In Iraq we have a problem with replacing shift workers,” Alekperov said, Reuters reported.

“We are reaching deals with people to keep them on for shifts that are 60 days long or more,” he was cited as saying on state television.



TotalEnergies Reportedly Considers Foray Into Copper Trading

FILED - 21 January 2022, Berlin: The logo of the energy company TotalEnergies is pictured at one of its gas stations in Berlin. Photo: Fabian Sommer/dpa
FILED - 21 January 2022, Berlin: The logo of the energy company TotalEnergies is pictured at one of its gas stations in Berlin. Photo: Fabian Sommer/dpa
TT

TotalEnergies Reportedly Considers Foray Into Copper Trading

FILED - 21 January 2022, Berlin: The logo of the energy company TotalEnergies is pictured at one of its gas stations in Berlin. Photo: Fabian Sommer/dpa
FILED - 21 January 2022, Berlin: The logo of the energy company TotalEnergies is pictured at one of its gas stations in Berlin. Photo: Fabian Sommer/dpa

France's TotalEnergies is considering a move into trading copper, expanding its oil trading operations into metals to capitalize on the global energy transition, the Financial Times reported on Sunday.
The oil major has been "studying the case" for trading copper, Rahim Azouni, senior vice president of crude, fuel and derivatives trading, told a closed-door conference in London on Wednesday, the FT said.
Azouni said the company has not decided whether to make move, the newspaper said, citing people who had heard his remarks.
TotalEnergies did not immediately respond to Reuters request for comment.
The company would be following Vitol, the world's top energy trader, which this year diversified into metals trading.
The energy transition, which includes electric vehicles and renewable energy technologies, will need large volumes of metals including aluminium, copper, nickel cobalt - providing lucrative opportunities for traders.