CNPC to Replace Statoil at West Qurna-2?

By John Lee.

The China National Petroleum Corporation (CNPC) is reported to be in talks with Russia's OAO Lukoil about joining the company’s West Qurna-2 project in Iraq.

Lukoil is seeking a partner for a 30 percent stake in the project following the exit of Norway's Statoil’s, Nefte Compass said, citing Andrei Kuzyaev (pictured), head of Lukoil Overseas.

(Source: Bloomberg)

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