Tag Archives | LUKoil

Lukoil to Explore in Iraq?

Lukoil is interested in seeking exploration licenses in Iraq, according to a report from Bloomberg. The company's Chief Executive Officer, Vagit Alekperov, met Iraq's Oil Minister, Abdul Kareem al-Luaibi [Elaibi], in Moscow on Wednesday. Alekperov and al-Luaibi also discussed the West Qurna-2 project, and development of infrastructure to ship oil from the field. (Source: Bloomberg)

Clyde & Co Wins Iraq Lukoil Contract

Clyde & Co has been appointed by Lukoil Mid-East Ltd to support them in their development of the West Qurna-2 field in Iraq. With recoverable reserves of 43 billion barrels West Qurna is the second largest oil field in the world. This is a landmark project for Lukoil, representing as it does a planned production […]

Iraq Mega Projects - Inspiring Business in Iraq

By Leanne Case, reporting from Istanbul. I’ve written a fair number of articles extolling the potential of Iraq to British business, I make no apologies for this and believe strongly in the future of Iraq. So do hundreds of international companies! A significant number of who attend the now numerous conferences and events aimed at […]

Lukoil Awards 3D Seismic Contract at West Qurna 2

Russia's Lukoil announced on Friday that it has it awarded a 3D seismic contract at Iraq's West Qurna Phase 2 oil field to Terra Seis Trading Ltd. [Terraseis] (TSTL). TSTL has been conducting seismic exploration in Iraq since 2005 and "possesses vast operational economic and legal experience, and is well aware of the country’s natural […]

Iraq Mega Projects 2010 Welcomes Oil Contract Winners

Iraq Mega Projects 2010 is Pleased to Announce the Representation of All Contract Winners in Istanbul Since the Second Oil Licensing Rounds Now that the contracts have been awarded, Iraq Mega Projects 2010 Conference & Exhibition, taking place in Istanbul, Turkey, on 26-28 October, will fully examine how to fulfil the projects and unleash their […]

Russia Eyes Deals in Iraq

Reuters reports that Russia is talking directly with Iraq's oil-rich Kurdistan region about investment opportunities there, Russia's ambassador to Iraq said on Tuesday, a strategy that could irritate Iraq's central government. Baghdad is at odds with the semi-autonomous northern region and has strongly opposed oil deals the Kurds have signed independently with foreign companies. The […]

Lukoil Earmarks $4.5bn for West Qurna 2

Russia’s Lukoil aims to produce 120,000 barrels of oil a day at Iraq’s   field by the end of 2012, and is seeking customers for the fuel in Asia, according to a report from BusinessWeek. The Moscow-based company plans to begin selling crude from the field in 2013, Paul Hawkins, director of supply and trading […]

More Lukoil Tenders for West Qurna 2

Lukoil and partners, Statoil and the Iraqi state, have issued four new tenders for construction and energy projects at Iraq’s West Qurna 2 oilfield, according to reports from Reuters. The tenders are for the construction of: an oil export pipeline; a tank farm at Tuba; a power distribution station and an associated gas processing plant; […]

G4S Wins Lukoil De-Mining Contract at West Qurna 2

Russia's Lukoil has awarded a mine clearing contract at Iraq's West Qurna 2 oil field to G4S Risk Management, a division of the London-based G4S Ordnance Management, Lukoil said in a statement sent to Dow Jones Newswires. Lukoil did not disclose the value of the contract, but said work should finish in early 2011, when […]

Tenders for Seismic Surveys at West Qurna-2

Reuters reports that Russian energy company Lukoil and its partners have issued a tender for seismic surveys at Iraq's West Qurna-2 oilfield, according to a statement published on Saturday. Lukoil, which along with Norway's Statoil won a contract to develop the field, invited companies to bid for carrying out 3D field seismic surveys at the […]

West Qurna Phase-2 Tenders Open

Russia's Lukoil and Norway's Statoil have started issuing tenders for the multibillion project to develop Iraq's supergiant West Qurna Phase 2 oil field in southern Iraq, a person familiar with the plans said Sunday, as reported by Reuters. The "first tender is a 3D seismic survey at the field", the person said. A second tender […]

Lukoil Allocates $5 Billion to West Qurna

According to a report from Bloomberg, OAO Lukoil, Russia’s largest non- state oil producer, allocated $5 billion to finance the West Qurna-2 project in Iraq. The funds were provided as a loan to its Lukoil Mid-East Ltd. unit exclusively for the Iraq project, spokesman Dmitry Dolgov said. The loan matures at the end of 2030, […]