Support The Moscow Times!

LUKoil in Iraq Project

Iraq is in the "final stages of talks" with BP, Eni, ExxonMobil and LUKoil about a project to inject seawater into oil fields, an Oil Ministry official said.

The four companies will take part in the project to sustain production at fields they are upgrading in southern Iraq, Oil Ministry director of licenses and contracts Abdul Mahdi al-Amidi said in an interview Wednesday in Basra.

"For each barrel of oil, they will need to inject a barrel and a quarter of water," he said, declining to give an estimate for the contract's value.


Read more

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.