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LUKOIL ships first batch of oil to recover costs from West Qurna-2 Project In Iraq


Published Aug 20, 2014
Lukoil Overseas in Iraq

The Sea Triumph, an oil carrier chartered by LITASCO (LUKOIL's international marketing and trading arm) to receive the first batch of oil as part of the recovery of LUKOIL's costs from the West Qurna-2 project, has departed the port of Basra in Southern Iraq.

The shipment volume amounts to 1 million barrels of oil. The vessel is headed for the port of Augusta, Sicily. After being unloaded, the oil will be transported to LUKOIL's ISAB refinery in Priolo for processing.

Production at the West Qurna-2 field currently exceeds 280 thousand barrels per day. The project's development is on schedule with LUKOIL successfully fulfilling all of its contractual obligations.

Tags: Lukoil




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