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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