Iraqi Oil Minister Thamir Ghadhban met this week with Lukoil President Vagit Alekperov in St. Petersburg to discuss several topics regarding the firm’s expanding presence in Iraq’s oil and gas sector. Lukoil not only operates the 400,000 b/d West Qurna-2 field (Lukoil 75%, North Oil 25%) but also Block 10 where the firm is pushing to develop the 2.5bn barrel Eridu field (Lukoil 60%, Impex 40%).

Lukoil says Mr Alekperov and Mr Ghadhban discussed “the possibility of early...