Militants launch shell on exhibition complex near Damascus - televisionWorld August 20, 15:27
Cardinal Parolin: Dialogue of Roman Catholic and Orthodox Churches to help them feel unitySociety & Culture August 20, 8:27
Polina Dibrova, mother of three, wins Mrs. Russia 2017 beauty pageantSociety & Culture August 20, 4:41
Russian emergencies ministry plane returns from firefighting mission in ArmeniaWorld August 20, 4:39
East Ukraine conflict claimed nearly 3,000 civilian lives — ICRCWorld August 20, 1:56
Renowned Russian filmmaker Andrei Konchalovsky turns 80Society & Culture August 20, 0:48
One of seven injured in Surgut stabbing spree in critical condition — authoritiesSociety & Culture August 19, 23:51
Netanyahu expects to meet with Putin in Sochi on August 23 — Israeli premier’s officeRussian Politics & Diplomacy August 19, 22:47
Surgut attacker is identified as a local resident - investigationSociety & Culture August 19, 14:09
MOSCOW, September 16. /TASS/. Lukoil repaid in full all the funds invested in the mining project West Qurna - 2 in Iraq, Head of the company Vagit Alekperov said on Friday in an interview with Kommersant.
"Yes, we have repaid it. But in order to start the second stage, we should not only cover the historical costs, but also somehow make money," he said.
The total project costs as of June 30, 2016, were estimated at $7.23 bln.
According to Alekperov, Lukoil is currently actively discussing the second stage of the project, according to his estimations the investment totals another $7 bln.
On December 12, 2009, a consortium of LUKOIL and Norway's Statoil won a tender for the development of the West Qurna-2 field in Iraq. Its estimated recoverable oil reserves total approximately 13 billion barrels, which will be produced from two major formations - Mishrif and Yamama. West Qurna-2 is one of the largest oil fields in the world.
West Qurna-2 is located in southern Iraq, 65 km Northwest of the major port city of Basra. The field was discovered in 1973 and explored (using 2D seismic acquisition and exploration drilling technologies) by Soviet geologists in 1970s and 80s. The size of the current Contract Area is over 300 square km.