Lukoil confirms plans to increase oil production in the West Qurna-2 oil field in Iraq
Lukoil (ticker: LKOH) President Vagit Alekperov visited Iraq to discuss further development in the West Qurna-2 field. Iraqi Prime Minister Haider al-Abadi and Minister of Oil Adel Abdul Mahdi both expressed appreciation in the continued work by the company in their country, according to a Lukoil press release.

Before his visit, Alekperov said that Lukoil was going to ask Iraq to increase the volume of oil compensation. Otherwise, the company would be for...

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