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)