Middle East Economic Survey


No 41


Lukoil Seeks West Qurna Development/ Iraq Debt Deal

In addition to the broad-based strategic alliance established between the US firm ConocoPhillips and Russias Lukoil, the joint communiqué issued by the two firms on 29 September stated that their intention was to jointly seek the right to develop the giant West Qurna oilfield in Iraq, as well as to create a joint venture to develop resources in the northern part of Russias Timan-Pechora...