VOL. XLI
No. 39
28-September-1998
IRAQ
Russian Development Of Iraqs West Qurna Oil Field Inches Ahead
The development of Iraqs West Qurna oilfield by a Russianconsortium led by Lukoil is inching ahead, encountering not only sanctions-inducedproblems but also financial difficulties as a result of Russias economic crisis.Earlier this month, Lukoil announced that it had suffered a 50% drop in pre-tax profits inthe first half of the year to Rbs.1.2bn ($194mn in accordance with the June 1998 exchange...
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