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[rtl]Iraq extends the Russian Lukoil contract for more than 20 years[/rtl]
economy , 02/11/2023 21:08 Number of readings: 291
economy , 02/11/2023 21:08 Number of readings: 291
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[rtl]Baghdad - Iraq Today:
The Russian company Lukoil announced, on Thursday (November 2, 2023), the signing of a supplementary agreement with Basra Oil regarding the West Qurna 2 oil field, which included extending the service contract for a period of 10 years until the year 2045, and pumping investments for further development work. Increasing production from the field.
The company's statement explained that the agreement will lead to gradually doubling the field's capacity to reach 800 thousand barrels per day, which will allow for an increase in the economic efficiency of the West Qurna 2 project. He also indicated that the field development
plan includes operating multi-well drilling platforms and starting the operation of oil and gas processing facilities to form... Al-Yamamah and establishing export pipelines.[/rtl]
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