LUKoil Still Considering West Qurna-1

By John Lee.

Russian’s LUKoil is said to be studying documents on Iraq’s West Qurna-1 oil field, with a view to possibly taking over ExxonMobil‘s stake.

Bloomberg quotes Chief Executive Officer Vagit Alekperov (pictured) as saying that the company will make a decision on possible participation in the project by the end of the year.

It already holds 75 percent of the adjacent but separate West Qurna-2 “super giant”.

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Iraq says Exxon to Quit West Qurna-1

Oil & GasPosted on 07 November 2012. Tags: Exxon, Exxon Mobil, ExxonMobil, Gazprom, LUKoil, oil contracts, PCLD, Petroleum Contracts and Licensing Directorate, Russia, West Qurna

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