Tag Archives | Vagit Alekperov

Lukoil: New Contract Helps Iraq, Investors

By John Lee. Lukoil have announced changes to their contract to work on West Qurna-2, following talks with the Iraqi Minister of Oil Abdul Kareem Luaibi. The new alteration expands the scope of the work to include the Tuba-Fao pipeline, as well as speeding up the process of cost recovery for investors. The Tuba-Fao pipeline […]

Lukoil's West Qurna 2 Ambition

By John Lee. Writing in¬†Forbes,¬†correspondent Christopher Helman has written an autobiographical study of Lukoil CEO Vagit Alekperov (pictured) and the company's long term ambition in developing the giant West Qurna 2 field in southern Iraq. Helman notes the stunning scale of the endeavor, which has spanned several decades including a deal with Saddam in 1997 […]