Russia’s Lukoil starts output from giant Iraq oil field
Press TV – March 29, 2014
Russia’s oil giant, Lukoil, has begun pumping crude oil from one of the world’s largest undeveloped oil fields in southern Iraq, as the Arab country works to bolster its oil exports.
During a Saturday ceremony to inaugurate the West Qurna-2 field in Iraq’s southern city of Basra, Iraqi Oil Minister Abdul Kareem Luaibi said crude production at the massive oil field is expected to reach some 400,000 barrels per day (bpd), from an initial 120,000 bpd.
The Iraqi minister further expressed hope that the country’s oil output could possibly reach four million bpd by the end of this year.
“This is a historic and great accomplishment that would enable the government to implement its development programs by increasing its revenues,” added Luaibi.
Lukoil Chief Executive Vagit Alekperov also hailed the launch of West Qurna-2 as “strategically important” for the Russian company, which is the principal firm developing the enormous West Qurna-2 field.
The inauguration of West Qurna-2 will allow Russia’s second oil producer to more than double its overseas crude output.
Earlier in the day, Dhiya Jaafar, the head of Iraq’s South Oil Company, said oil exports from southern Iraq have averaged 2.48 million bpd so far this month and would rise to 2.65 million following the inauguration of West Qurna-2.
West Qurna-2, with an estimated 14 million barrels of recoverable reserves, is the second biggest untapped oil field after Rumaila in southern Iraq.
Iraq is dependent on oil exports for government revenue and is working to boost its oil sales. The Arab country has proven reserves of 143.1 billion barrels of oil as well as 3.2 trillion cubic meters of gas.
Baghdad seeks to increase its crude production capacity to nine million bpd by 2017.

Share this:
- Click to share on Twitter (Opens in new window)
- Click to email a link to a friend (Opens in new window)
- Click to print (Opens in new window)
- Click to share on Facebook (Opens in new window)
- More
- Click to share on Skype (Opens in new window)
- Click to share on Pocket (Opens in new window)
- Click to share on Reddit (Opens in new window)
- Click to share on Telegram (Opens in new window)
- Click to share on Pinterest (Opens in new window)
- Click to share on Tumblr (Opens in new window)
- Click to share on WhatsApp (Opens in new window)
- Click to share on LinkedIn (Opens in new window)
Related
March 29, 2014 - Posted by aletho | Economics, Malthusian Ideology, Phony Scarcity, Timeless or most popular | Iraq, Lukoil, Press TV, West Qurna-2
2 Comments »
Leave a Reply Cancel reply
This site uses Akismet to reduce spam. Learn how your comment data is processed.
Featured Video
WE NEED TO TALK ABOUT SANDY HOOK
For more videos go to the Aletho News – Video Category
or go to
Aletho News Archives – Video-Images
From the Archives
Thoughts about the Sandy Hook School Massacre and its Implications
By Doug E. Steil | Aletho News | January 19, 2013
On the morning of Friday, December 14, 2012, media in the United States began non-stop reporting of a mass shooting incident at Sandy Hook Elementary School near Newtown, Connecticut. Although there were numerous inconsistent reports surrounding the incident, plenty of which were inherently contradictory, unconfirmed, or implausible, a particular narrative of what was supposed to have occurred that day was soon anchored in the minds of the general public by the large network news media and thus, through repetition and other mechanisms of reinforcement, became firmly entrenched as working premises for a follow-up press announcement, on Monday, December 17, by the office of Senator Dianne Feinstein, who has been notorious for her zealous yet outspoken efforts over the course of decades, to effectively abolish the Second Amendment to the U.S. Constitution and disarm the American public. … continue
Blog Roll
-
Join 2,780 other followers
Visits Since December 2009
- 5,880,940 hits
Looking for something?
Archives
Calendar
Categories
Aletho News Civil Liberties Corruption Deception Economics Environmentalism Ethnic Cleansing, Racism, Zionism Fake News False Flag Terrorism Full Spectrum Dominance Illegal Occupation Mainstream Media, Warmongering Malthusian Ideology, Phony Scarcity Militarism Progressive Hypocrite Russophobia Science and Pseudo-Science Solidarity and Activism Subjugation - Torture Supremacism, Social Darwinism Timeless or most popular Video War Crimes Wars for IsraelTags
9/11 Afghanistan Africa AIPAC al-Qaeda Argentina Australia BBC Benjamin Netanyahu Brazil Canada CDC Central Intelligence Agency China CIA CNN Colombia Covid-19 COVID-19 Vaccine Da’esh Donald Trump Egypt European Union Facebook FBI France Gaza Germany Google Hamas Hebron Hezbollah Hillary Clinton Human rights India Iran Iraq ISIS Israel Israeli settlement Japan Jerusalem Joe Biden Korea Latin America Lebanon Libya Middle East National Security Agency NATO New York Times North Korea NSA Obama Pakistan Palestine Qatar Russia Sanctions against Iran Saudi Arabia Syria The Guardian Turkey Twitter UAE UK Ukraine United Nations United States USA Venezuela Washington Post West Bank Yemen ZionismRecent Comments
jbthring on The Timing Behind the Atttack… papasha408 on NATO’s 2030 Strategic Concept… papasha408 on Children Don’t Need COVID Vacc… lex on The Timing Behind the Atttack… jbthring on The Timing Behind the Atttack… brianharryaustralia on Russia warns of ‘direct milita… ldholm on Children Don’t Need COVID Vacc… brianharryaustralia on Washington’s Assassination Bur… 5 dancing shlomos on Quadruple-vaxxed Pfizer CEO ca… 5 dancing shlomos on Western ‘superweapons’ myth di… hamburgertime on Are They Essentially Erasing M… hamburgertime on Are They Essentially Erasing M…
Aletho News
- US to Deploy Strategic Assets to Region If DPRK Conducts Nuclear Test: Pentagon August 17, 2022
- NATO’s 2030 Strategic Concept threatens to destabilise the world August 17, 2022
- US recent ballistic missile test boosts world’s re-nuclearization August 17, 2022
- ‘Dirty bomb’ in Ukraine would affect nine countries August 17, 2022
- ICAN-OBTAINED DATA REVEALS MORE EVIDENCE OF DEATH SPIKE August 17, 2022
- The Timing Behind the Atttack on Salman Rushdie August 17, 2022
- Memo to Globalist Central: Agent Covid mission accomplished August 16, 2022
- Do the smallpox vaccines work to prevent monkeypox? August 16, 2022
- Government employee offered euthanasia to veteran struggling with PTSD August 16, 2022
- Is the Latest Polio Scare Actually Caused by the Vaccine? August 16, 2022
- Ukraine bombs nuclear waste storage site inside Zaporozhye NPP – official August 16, 2022
- WE NEED TO TALK ABOUT SANDY HOOK August 16, 2022
- Washington’s Assassination Bureau August 16, 2022
- EU electricity costs more than double since June August 16, 2022
- Russia warns of ‘direct military clash’ with US August 16, 2022
- US-Iran deal dangling in the air August 16, 2022
- Western ‘superweapons’ myth dispelled – Shoigu August 16, 2022
- Are They Essentially Erasing Most Of The Internet? August 15, 2022
OffGuardian
- Putin, Sputnik V & mass vaccination August 17, 2022
- The BBC’s “Unvaccinated”: The Pandemic Dataset – Part 3 August 16, 2022
- WATCH: The News-Benders August 15, 2022
Richie Allen
- A Word On The Future Of The Radio Show August 4, 2022
- Boris Johnson Is Gone But What Does It Mean? July 7, 2022
- Macy Gray: “Changing Your Parts Doesn’t Make You A Woman!” July 5, 2022
- Climate Change Qualification Open To Pupils In Northern Ireland July 5, 2022
Consent Factory
- The “Unvaccinated” Question (Revisited) August 6, 2022
If Americans Knew
Not A Lot Of People Know That
- Mangrove forests: How 40 million Australian trees died of thirst-BBC August 16, 2022
- John Kerry’s climate office rife with ties to far-left green groups August 16, 2022
- How China Dominates The EV Battery Market August 15, 2022
- Europe wildfires: Are they linked to climate change?–NO!!! August 15, 2022
No Tricks Zone
Sebastian Rushworth M.D.
- Do high protein diets shorten lifespan? July 31, 2022
More Links
Contact:
atheonews (at) gmail.comDisclaimer
This site is provided as a research and reference tool. Although we make every reasonable effort to ensure that the information and data provided at this site are useful, accurate, and current, we cannot guarantee that the information and data provided here will be error-free. By using this site, you assume all responsibility for and risk arising from your use of and reliance upon the contents of this site.
This site and the information available through it do not, and are not intended to constitute legal advice. Should you require legal advice, you should consult your own attorney.
Nothing within this site or linked to by this site constitutes investment advice or medical advice.
Materials accessible from or added to this site by third parties, such as comments posted, are strictly the responsibility of the third party who added such materials or made them accessible and we neither endorse nor undertake to control, monitor, edit or assume responsibility for any such third-party material.
The posting of stories, commentaries, reports, documents and links (embedded or otherwise) on this site does not in any way, shape or form, implied or otherwise, necessarily express or suggest endorsement or support of any of such posted material or parts therein.
The word “alleged” is deemed to occur before the word “fraud.” Since the rule of law still applies. To peasants, at least.
Fair Use
This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more info go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission from the copyright owner.
DMCA Contact
This is information for anyone that wishes to challenge our “fair use” of copyrighted material.
If you are a legal copyright holder or a designated agent for such and you believe that content residing on or accessible through our website infringes a copyright and falls outside the boundaries of “Fair Use”, please send a notice of infringement by contacting atheonews@gmail.com.
We will respond and take necessary action immediately.
If notice is given of an alleged copyright violation we will act expeditiously to remove or disable access to the material(s) in question.
All 3rd party material posted on this website is copyright the respective owners / authors. Aletho News makes no claim of copyright on such material.
Reblogged this on silbershark110neverdie.
LikeLike
Good for Russia.
LikeLike