Russia's Lukoil chooses Dubai for its overseas unit headquarters move - The National

Russia's Lukoil chooses Dubai for its overseas unit headquarters move - The National:

"

Lukoil, the Russian energy producer, is to move the headquarters of its overseas division from Moscow to Dubai, The National can reveal.

The relocation, which will involve about 400 employees moving to the UAE, is intended to put executives and operational staff closer to Lukoil's major assets in Iraq's West Qurna 2, one of the biggest undeveloped oilfields in the region.

A spokesman for Lukoil in Moscow said: "We will establish the headquarters of Lukoil Overseas in Dubai in order to be closer geographically to our main projects. We already have between 600 and 700 employees in Dubai, many of whom are working on the Iraq project.""

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