Oil company Lukoil billion deal sealed in Iraq

The Russian company Lukoil has oil on Sunday closed a contract for the development of Iraq's West Qurna oil field-2.CEO Vagit Alekperov put his signature in Baghdad. As the company announced that the drilling should begin in 2011.Encouraging start in 2012, their planned level of 90 million tons of oil per year would be reached in 2017.
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In the next four to five years, Lukoil will invest $ 4.5 billion into the project, some 300 million of them this year.

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