Industrialized Cyclist Notepad


Lukoil in Iraq

As Norwegian Statoil bugs out.

Lukoil aims to invest around $2 billion in the West Qurna-2 oil field in Iraq this year, Bloomberg News reports. A company spokesman told Bloomberg that $200 million was invested there in 2011.

The oil company, the largest private energy company in Russia, also announced plans to start construction on a new oil pipeline and spell out details for its drilling program.

via Lukoil unveils investment plans for Iraq – UPI.com.

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