President of LUKOIL meets with Iraq leadership

During the talks, the parties have stressed significant progress achieved in the implementation of West Qurna-2 mega-project where, among other advances, development drilling and construction of key production facilities (central processing unit, export pipeline and gas turbine power plant) continue at full pace.

The parties have also discussed plans for the implementation of the geological exploration project on Block 10. The rights for this project were awarded in June this year to a consortium consisting of LUKOIL Overseas (subsidiary of LUKOIL) – 60%, and INPEX Corporation (Japan) – 40%. On the Iraqi side, the holder of the contract is South Oil Company.

The parties have agreed to continue their dialogue during the forthcoming official visit of the Iraqi Prime Minister to Moscow, planned for the next week.