Categories
South Caucasus News

“Lukoil” has signed an agreement with Iraq to increase production at “West Qurna 2”


Listen to this article
110200068899.jpg Lukoil has concluded an additional agreement on the “West Qurna 2” project in Iraq, which provides for the extension of the service contract for ten years, until 2045.According to the company, the agreement provides for a phased doubling of the field’s capacity with the achievement of production shelves of 800 thousand barrels per day.The “West Qurna 2” field is one of the largest in the world with initial recoverable reserves of about 14 billion …