PUBLIC JOINT-STOCK COMPANY "LUKOIL" agreed about improvement of working conditions in Iraq

on The Western Kurna — 2 project PUBLIC JOINT-STOCK COMPANY "LUKOIL" is planned to increase Oil production twice and the Iraq oil company "Basra" (is responsible for oil production in the south of the country) signed the additional agreement to contract on development and oil production on The Western Kurna — 2 field, improving conditions of participation for the Russian companies. PUBLIC JOINT-STOCK COMPANY "LUKOIL" reported about it on November 2. The parties agreed about extension service contracts for 10 years – till 2045, investments in development the project and stage-by-stage increase twice capacities "the Western Kurna – 2" (stocks – 1,8 billion t of oil). As a result production within...