Lukoil “was asked to Reduce Iraq Output”

By John Lee.

Russian oil company Lukoil was asked to “sharply reduce” output at West Qurna-2 this year, reports Reuters.

Ravil Maganov (pictured), head of the company’s upstream division, told reporters:

“We’ve got the letter to curb our enthusiasm … We were restricted to 250,000 barrels per day (bpd) due to weather and level of sulphur, we are dealing with the problem.”

He said Lukoil’s current production at the site was 380,000 to 390,000 bpd, adding that it is building a pipeline with a capacity of 1.6 million bpd to the port of Faw.

(Source: Reuters)

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