(EnergyAsia, April 24, Friday) — Russia and Iraq are working to revive oil exploration and production contracts signed when the Middle Eastern country was ruled by former dictator Saddam Hussein. One of the most important deals involves Lukoil which signed a US$3.7 billion deal in 1996 to develop Iraq’s West Qurna oilfield. West Qurna could…
IRAQ: Russia works to renew oil contracts
Posted on April 23, 2009 by EnergyAsia