Saturday, April 14, 2007
Russian oil company signs $4 billion contract with Iraq
Oil
(MENAFN) - A spokesperson at Russia-based LUK-Oil Company said that the company has signed a $4 billion contract with Iraq's Ministry of Foreign Affairs to develop oil fields in West Qurna, Iraq Directory reported. He added that the accord aims at assisting the company's projects abroad and to improve diplomatic ties. The Chairman of LUK-Oil said that the company is confident about the new deal with Iraq. The Iraqi Parliament still has to approve of the new law for oil which seeks to establish general work outline for foreign companies that invest in Iraq.
Labels: contract, LUKoil, Ministry of Foreign Affairs, West Qurna
