LUKOIL has been looking at opportunities of expanding our business in Iraq since late 1990’s, when an agreement had been reached with the then government of Iraq to develop the West Qurna field.
As a result of sanctions and conflict in the region our wish to work in Iraq was realized in 2009, when we won the tender for the West Qurna 2 development project.
The West Qurna 2 project achieved first oil production in March 2014 and today the field has added the largest incremental production growth in Iraq of 480,000 bpd, which represents 10% of the total Iraqi production of crude and 15% of Iraq’s exports.