Prime Minister of Iraq Haider Al Abadi held a meeting with PJSC LUKOIL President Vagit Alekperov in Baghdad.
It was also attended by the Ambassador Extraordinary and Plenipotentiary of the Russian Federation to the Republic of Iraq Maxim Maximov. Parties discussed several issues related to LUKOIL projects in the country.
PJSC LUKOIL President informed Prime Minister of Iraq on the progress of negotiations with Iraqi Ministry of Oil and Basra Oil Company regarding the Addendum # 3 to the Service contract and Final Development Plan for the West Qurna-2 oilfield providing increase of production from Mishrif formation to 450 kbpd and start of production from Yamama formation in the amount of 350 kbpd, as well as on the Block 10 progress.
Prime Minister approved the work of LUKOIL in Iraq and supported all the initiatives for LUKOIL’s projects including drilling three new appraisal wells in Block 10 and expanding the cooperation between LITASCO and SOMO in the field of trading Iraqi crude exports and supply of petroleum products into Iraq.