Iraqs Oil Minister Ihsan Abdul said Lukoil PJSC sent him a notification to sell its stake in the West Qurna-2 field to Chinese companies, and that BP Plc wants to pull out of the giant Rumaila field. In a video posted on a Facebook page under his name, the minister said the investment environment in Iraq isnt encouraging enough for an oil major to want to do business there. "The existing investment environment in Iraq is inappropriate to keep the major investors," he said. "All major investors are either looking for another market or for another partner. We, as an investment environment, are inappropriate for major partners." No one from Lukoil or BP was available to comment outside of normal business hours.