Lukoil Starts Iraq Oilfield as Output Reaches 35-Year High
This article is for subscribers only.
OAO Lukoil started producing crude from Iraq’s second-largest oilfield as the nation boosts output to levels last seen more than three decades ago.
The West Qurna-2 field in southern Iraq has been producing at a rate of 120,000 barrels a day since yesterday, operations manager Gennady Budarin said an interview in Basra. Russia’s biggest publicly traded oil producer expects the field’s daily output to reach 400,000 barrels by the end of the year, he said.