Lukoil Begins Transfer The First Shipment Of Oil From The West Qurna / 2

BAGHDAD / NINA / The Russian Lukoil company began transferring the first shipment of oil of the initial production from the West Qurna / 2. The head of Lukoil Overseas / operator of International extractive projects of Lukoil /, Andrey Kuzyaev said in a statement for the media Office in the company that " an oil tanker, chartered by Ltasco company /branch of Lukoil Open marketing and international trade/ docked yesterday at the port of Basra to ship the first batch of oil in process of recovery of costs which was used by Lukoil in the first phase of the development of the West Qurna field / 2 / production of the early stage / " " the tanker will be shipped with one million barrels / equivalent of 160 thousand tons of oil/ , to be the first carriers planned to be used in the current year for the transport of oil allocated as compensation for Lukoil costs under the terms of the service contract for the development and production of the West Qurna / 2. " he added. He explained that "The first shipment of oil tankers in the context of recovery of our investment reaffirms the strength of the partnership between Lukoil and the Iraqi side in order to develop the oil sector in Iraq." Kozaiev added, "The company continues to increase the volume of production in the field continuously, which now stands at / 280 / thousand barrels per day. And we are also moving forward to develop the project according to the plans plotted. Lukoil is to implement all of its contractual obligations successfully." The head of Lukoil Russian oil giant, Waheed Alekperov announced in last May, rise the volume production in the West Qurna-2 in Iraq for up to 200 thousand barrels per day. Alekperov said, during the International Economic Forum in St. Petersburg, that "the production of Qurna / 2 / increased from 120 thousand barrels per day to 200 000 barrels per day over the past two months. He stressed that "at the end of this year the production will reach to 400 thousand barrels per day under our obligations." / End