Economics
Lukoil, Oil Minister, discuss prospects for Cooperation
The President of Lukoil, Vagit Alekperov, has met with Thamir Ghadhban, Deputy Prime Minister and Minister of Oil of Iraq, at the St. Petersburg International Economic Forum. The two sides discussed the progress of West Qurna-2 project and agreed to consider the possibility of early commissioning of Eridu field (Block 10). The Minister of Oil expressed the support of Lukoil’s initiatives aiming at development of Iraqi projects, fulfilling obligations under the Service Contracts. They have also expressed their interest to consider gas processing and petrochemical projects in Iraq.
Source: http://www.iraq-businessnews.com/2019/06/08/lukoil-oil-minister-discuss-prospects-for-cooperation/
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This publication may not be reproduced, modified, or re-disseminated in whole or in part without the prior written permission of Rabee Securities. The information provided herein is of a general nature and for informational purposes only and is not intended to serve as an offer or solicitation with respect to the purchase or sale of any security, or as a recommendation to adopt any particular trading strategy. Such information is subject to change without prior notice. Although Rabee Securities obtains information from sources it considers reliable, Rabee Securities makes no representations or warranties, express or implied, as to the information's accuracy or completeness. Furthermore, such information may be incomplete or condensed. Rabee Securities, its affiliates, directors, employees, assigns, agents, and successors bear no liability for any errors or omissions in this publication or for any losses arising from the use of or reliance upon this information. This limitation on liability applies to direct, indirect, consequential, special, punitive, or other damages, as well as damages for loss of profits or business interruption. Investors shall bear all responsibility for investment decisions taken on the basis of the contents of this report. Rabee Securities strongly advises potential investors to seek financial guidance when determining whether an investment is appropriate to their needs. All estimates included in this report constitute Rabee Securities’ opinion as of the date published on the report and are subject to change without notice. Copyright© Rabee Securities 2021



