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Wednesday, September 19, 2007

LUKoil still willing to develop Iraq's oil fields

RBC, 18.09.2007, Moscow 14:16:35.LUKoil's management has expressed hope that the company's agreement with Iraq on the Western Kurna-2 project would remain effective even after Baghdad passes a new law on oil, Andrei Kuzyaev, President of LUKOil Overseas, told journalists today. He pointed out that cooperation with Iraq was vital for the Russian-Arabic dialog. Kuzyaev also noted that an active political dialog between Russia and Iraq would promote the development of the Western Kurna-2 project. However, LUKoil's report for the first six months of 2007 states that prospects for the contract between the company and Iraqi government on the development of Iraq's oil fields remained unclear.

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