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In addition, they will work to raise output from West Qurna 2 to 120,000 barrels per day (19,000 m 3 /d) by 2012 [5] and 1.8 million barrels per day (290,000 m 3 /d) over a period of 13 years. [6] [7] In March 2012, Statoil sold its 18.75% stake in the field to Lukoil, giving the Russian firm a 75% stake, and leaving the Iraqi state oil company ...
The Norway state-owned oil company Equinor exited the last of their joint ventures in Russia by withdrawing the joint venture with Lukoil and exiting the Kharyaga project on 2 September 2022. [35] In 2023 Lukoil is planning to double the production of oil from the Iraq project, West Qurna Field 2, to 800,000 bpd. [36]
Russia's Lukoil now produces some 480,000 barrels per day of oil at Iraq's southern West Qurna 2 oilfield, while Russia's Gazprom Neft , the oil arm of the gas giant Gazprom, is involved in the ...
Another group of protesters entered a water treatment facility linked to the West Qurna 2 oilfield and held two workers hostage for about an hour before leaving peacefully. Production was not ...
West Qurna Field Phase 2 Lukoil: Russia Public 75% 1,800,000 1.15 566,662,500 Badra Gazprom: Russia State 30% 170,000 5.5 102,382,500 Badra Petronas: Malaysia State
Lukoil, which produces more than 2% of the world’s crude oil and employs more than 100,000 people, made headlines in March 2022 when it became one of only a few Russian companies to take a ...
West Qurna Field 13-million-barrels (2,100,000 m 3) oil: Lukoil 85% and StatoilHydro 15%; Majnoon oil field 13-million-barrels (2,100,000 m 3) oil: Shell and Petronas; Halfaya Field: CNPC (Petronas / Total) Qaiyarah and Najmah field: Sonangol; Garraf field: Petronas ja Japan Petroleum Exploration Company Limited JAPEX
ExxonMobile, which saw a similar multi-project deal fall through after years of negotiations, announced in 2021 that it would be selling its shares from the West Qurna 1 oil field.