LUKOIL started production drilling and construction of a key production facility, namely a Central Processing Facility, at the West Qurna-2 field in Iraq on Wednesday. Abdel Karim al-Luaibi, the Iraqi Oil Minister, and also the heads of the Basra province, Iraq's South Oil Company, LUKOIL Overseas and of the major contractor companies Baker Hughes and […]
Lukoil Mid East Limited , Operator of West Qurna 2 Project in Iraq, is developing West Qurna 2 oil field under the Development and Production Service Contract signed with the South Oil Company of the Iraqi Ministry of Oil. Legal entities having experience in studies on technologies of treatment , neutralization and disposal of water-based […]
Bloomberg reports that Lukoil, Russia’s biggest non- state oil producer, will sign an agreement with Samsung this week for the development of the West Qurna-2 oilfield. Samsung will install “a crude-gathering facility and a central processing plant for West Qurna-2,” the Iraqi Oil Ministry said on Tuesday. The deal is expected to be signed on 22nd […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
Lukoil plans to boost investment at its West Qurna-2 oil field in Iraq to about $2 billion this year. Russia’s largest non- state company plans to carry out drilling and begin construction of a pipeline as it prepares the field for the start of production. The company invested more than $200 million in the project […]
Lukoil, Mid-East Limited, a designated Operator for the West Qurna (Phase 2) contract area in Iraq, is developing the West Qurna 2 oilfield under the development and Production Service contract signed with the South Oil Company of the Iraqi Ministry of Oil. Legal entities, domestic Iraqi and foreign companies having experience of Design , Supply, […]
Platts reports that the Iraqi oil minister, Abdul Karim Luaibi [Elaibi], has approved the sale of Statoil's 18.75% stake in the giant West Qurna-2 oil field to the project operator, Russia's Lukoil. Meanwhile, Reuters reports that the Norwegian oil giant has confirmed that it is in talks to sell its stake to Lukoil. "Both Lukoil and […]
LUKoil, Russia's largest private oil company, may start production at the giant West Qurna-2 oilfield in early 2014, according to a report from RIA Novosti. "We will launch [production at the oilfield] at the end of 2013 or at the beginning of 2014," company head Vagit Alekperov said on Wednesday. The Russian company will invest […]
Russia’s LUKoil is set to become the only foreign operator of the West Qurna-2 oil project in Iraq after its partner, the Norwegian company Statoil, asked Iraq's oil ministry for permission to sell its stake, according to The Voice of Russia. The Iraqi Oil Ministry has reportedly approved the deal, which would give LUKoil a […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
Despite objections from Baghdad, ExxonMobil already has personnel on the ground in Iraqi Kurdistan, according to Reuters. Whiel the company has kept silent on its exploration agreement with the Kurdistan Regional Government (KRG), one central government regards as illegal, one Western industry source in Erbil told the news agency: "They [Exxon] are definitely here and […]
