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LUKOIL confirms plans for Iraq's West Qurna-2 field

January 28, 2014, 16:35 UTC+3 MOSCOW
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MOSCOW, January 28. /ITAR-TASS/. Russia's LUKOIL has confirmed plans to commission Iraq's West Qurna-2 oil field in late March-early April.

Plans were for initial capacity of 120,000 barrels a day to reach 400,000 barrels a day by late autumn-early winter, company President Vagit Alekperov told journalists.

“The investment program is being implemented according to plan. We have not overstepped it by a dollar,” Alekperov said.

LUKOIL’s president said West Qurna-2 was the first major oil field in Iraq and the largest internationally to be commissioned since the country's change of political regime.

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