Thursday 9 July 2009

Lukoil still interested in Iraqi oil fields

Russia's OAO Lukoil Holding is still interested in the second licensing round to award long-term development contracts for Iraq's untapped oil and gas fields and is prepared to change its conditions, a spokesman for the company said on Thursday.

"Yes, we are still interested, we will see the conditions," Lukoil spokesman Dimitry Dolgov told news agency Zawya Dow Jones by telephone from Moscow.

"We might be prepared to change our price conditions if the Iraqi side also change their conditions," he added.

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