Rosneft to Take Over LUKoil’s West Qurna Field?

LUKoil has reportedly offered Rosneft its African and Iraqi projects in a swap for Arctic shelf cooperation.

LUKoil CEO, Vagit Alekperov, said on Thursday:

“We have offered them our geological prospecting assets abroad. So far, talks are underway. We have offered them a whole package. If they are interested, we’ll offer them West Africa and West Qurna-2.”

LUKoil recently took over the stake in West Qurna-2 previously held by Norway’s Statoil.

Alekperov said cooperation in Iraq would be possible only after a deal was approved by the local authorities.

(Sources: RIA Novosti, Reuters)

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