IRAQ

 

Lukoil’s West Qurna-2 Start Will Add To Iraq Oil Output Gains

 

Iraqi oil production, the country’s sole foreign revenue earner, is set to get a further boost after February’s record levels with the planned 29 March start-up of the West Qurna-2 oil field at an initial 120,000 b/d. In the north, the Kurdistan Regional Government (KRG) is preparing to hand over 100,000 b/d of Kurdish oil for export by state marketer SOMO, a further boon to Baghdad after a...