LUKoil Seeks more Compensation Oil

By John Lee.

LUKoil boss Vagit Alekperov (pictured) has reportedly threatened to cut investment in Iraq unless Baghdad offers more oil in return.

The Iraqi government reimburses IOCs' costs in physical shipments of oil.

LUKoil is a partner in the West Qurna-2 project, and in the development of Block 10.

(Source: Reuters)