Lukoil to Go it Alone at West Qurna 2

Lukoil, Russia's second-largest crude oil producer, has confirmed that it will be able to develop Iraq's West Qurna-2 oilfield without partners.

"Today we are able to implement this project by ourselves," president Vagit Alekperov told reporters in the Spanish city of Barcelona on Friday.

Reuters reports that production from the field will reach 150,000 barrels per day by the end of 2013, and increase steadily to 500,000 barrels in the second half of 2014.

(Source: Reuters)


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