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Lukoil cuts Iraq oil output plan by a thirdRussia's second-largest crude producer Lukoil said it has cut its oil production plan in Iraq by almost a third, in line with the local government's plans to increase the lifetime of its oilfields. Andrei Kuzyayev, head of More… |
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Lukoil says no to key Iraq oilfieldRussia's second-largest crude producer Lukoil said on Monday it decided not to join the development of Iraq's West Qurna-1 oilfield, citing high risks. Lukoil oversees the largest share of oil reserves in Iraq among foreig More… |
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Iraq favours bids by CNPC and LukoilIraq would favour bids by Russia's Lukoil and China's CNPC if they decided to buy ExxonMobil's stake in the West Qurna-1 oilfield, a senior oil ministry official said. Baghdad had received "positive signals" More… |
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Lukoil-led group wins Iraq oil block bidA group led by Russian oil firm Lukoil won a bid for a key oil block in the second day of Iraq's energy auction after tough service contract terms led to disappointing bidding on 12 new oil and gas fields for the Opec member nation. More… |
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Iraq oil exports to hit 2.4m bpd in AprilIraq expects oil exports to reach more than 2.4 million barrels per day (bpd) in April and is planning to export 2.9 million bpd in 2013, its oil minister said on Wednesday. 'Hopefully for this month, we will export more than 2.4 milli More… |
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Statoil sells Iraq oil field stake to LukoilIraq has approved the sale by Norway's Statoil ASA of its minority stake in a supergiant oil field to Lukoil OAO, making the Russian firm the sole foreign partner in one of Iraq's biggest new oil projects, Iraqi oil industry sources said. More… |
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Lukoil net profit plunges 20 per centRussia's No 2 oil producer Lukoil has reported a worse-than-expected 20 per cent fall in third-quarter net profit, hit by foreign exchange losses, higher taxes and lower production. Lukoil has been the only Russian oil major with decli More… |
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Lukoil awards Iraq contract to Baker HughesUS-based Lukoil has awarded Baker Hughes, a major oilfield services company, a two-year contract to provide full drilling and completion services for 23 wells in the West Qurna field in southeast Iraq. Under the terms of the contract, Bake More… |
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Lukoil picks law firm for Iraq oilfieldLeading global law firm Clyde & Co has been appointed by Lukoil Mid-East to support them in their development of the West Qurna-2 field in Iraq. With recoverable reserves of 43 billion barrels West Qurna is the second largest oil field More… |
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Iraq ‘likely not held back by Opec oil quota’An Opec quota will probably not constrain Iraq's oil output for some time, according to estimates by a Lukoil official, with Opec and Iraq likely to reach an agreement that will exceed the usual allowance. Gati Al-Jebouri, chief commercial More… |
