A New Oil Campaign in Iraq

... Qurna-2 from 400,000 barrels per day today to 480,000 in 2020. The government and the company are updating the contractual framework of LUKOIL’s work in Iraq on a mutually beneficial basis. For instance, in 2013, the contract was prolonged until 2035. LUKOIL’s 2018 oil field development plan entails reaching the production level of 800,000 barrels per day in 2025. In January 2010, Russia’s Gazprom Neft, in a consortium with Kogas (South Korea), Petronas (Malaysia) and TPAO (Turkey), won a tender to operate the ...