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Lukoil may join Zarubezhneft to develop Iraq’s Nassiriya oilfield

: Sunday, April 27 - 2014 @ 00:45

Russian oil firm, Lukoil is considering joining a joint-venture to develop the Nassiriya oil field in Iraq, UPI has reported. Russia’s largest private oil company said its board of directors was considering a joint venture with its counterparts at Russia’s state-owned exploration and production company, Zarubezhneft, to develop the oil field and help build an associated refinery. Lukoil is already involved in developments of the West-Qurna 2 project in southern Iraq. First oil was produced from West Qurna-2 in March. It reached a daily production reach of 120,000 barrels and has an estimated 34 billion barrels worth of recoverable reserves.

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Sunday, April 27- 2014 @ 0:45 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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