Iraqi Oil Field Launch to Help Double LUKoil Foreign Oil Production | Business | The Moscow Times:
"LUKoil will launch its West Qurna-2 field in Iraq by the end of March next year, helping the company to more than double oil output abroad as it struggles with falling production at home.
Iraq, OPEC's second-biggest oil producer, expects a robust return to growth next year as foreign companies at work in its giant southern oil fields push output toward the highest level ever.
Security remains a concern, however, highlighted this month when dozens of Shi'ite Muslim workers and tribesmen stormed a Schlumberger Ltd camp at the Rumaila North oil field after accusing a foreign security adviser of insulting their religion. LUKoil is not involved at that field.
"We do have once in a while, different, clearly minor, disruptions to construction work," Andrey Gaidamaka, LUKoil's vice president, told a conference call on Tuesday when asked about recent unrest."
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