LUKoil, Zarubezhneft consider Iraq Oil JV

By John Lee.

Russia's Lukoil is considering joining a joint venture with Russian state-owned exploration and production company Zarubezhneft to develop the Nassiriya oil field and help build an associated refinery.

The next round of talks on the project with the Iraqi government is expected this summer, LUKoil CEO Vagit Alekperov (pictured) stated earlier, according to Itar-Tass.

The company recently commenced production at the West-Qurna 2 project in southern Iraq.

(Source: UPI, Itar-Tass)

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