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Tag Archives | Vagit Alekperov

Lukoil: New Contract Helps Iraq, Investors

By on 6th June 2014 in Iraq Oil & Gas News

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 on 4th May 2014 in Iraq Oil & Gas News

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 […]