USD 92.2628

-0.33

EUR 99.7057

-0.56

Brent 86.99

+0.1

Natural gas 1.752

-0

343

Russian Government Supports Lukoil

The Russian government is supporting Lukoil's bid to develop major oil fields in Iraq, the Financial Times reported

Russian Government Supports Lukoil

The Russian government is supporting Lukoil's bid to develop major oil fields in Iraq, the Financial Times reported.

The oil major is eyeing Iraq's West Qurna field, which is estimated to hold as many as 11bn-15bn barrels of recoverable oil reserves, with a potential output of 1m bpd.

Lukoil signed a deal in 1997 with Saddam Hussein to develop the field, but it was rescinded in 2002 shortly before the US-led invasion.

Follow us on Facebook
Advertising at neftegaz.ru

Subscribe to our newsletter

of the best materials Neftegaz.RU

* Incorrect E-Mail Address

By clicking the "Subscribe" button I accept the "Agreement on the processing of personal data"


Advertising at neftegaz.ru