Lukoil signs deal to produce gas in Iraq | Russia Beyond The Headlines:
"The Russian company Lukoil and the Oil Exploration Company of Iraq have signed a memorandum on gas exploration in the Western Euphrates block in Iraq. Until now, the Russian company has participated only in oil extraction projects in Iraq.
The decision on signing a final contract will be made after a thorough evaluation of the block, said Lukoil. The company hopes to find major reserves there.
By comparison, on the neighboring Akas plot, being developed by the Kogas Company from Korea, the gas reserves are estimated at 160 billion cubic meters."
'via Blog this'
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