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.
No comments yet.
Featured Video
Marjorie Taylor Greene: The Money Trail in Washington DC
or go to
Aletho News Archives – Video-Images
Book Review
New book reveals how the Israel lobby destroyed US diplomacy with Iran
Eli Clifton and Ian Lustick Reveal How The Israel Lobby Paved The Way For A U.S. War On Iran
By Justin K.P. | The Dissident | August 11, 2026
Investigative journalist Eli Clifton and political scientist Ian Lustick have released a detailed history of the Israel lobby’s influence on U.S. foreign policy titled “Israel’s Lobby: America in the Grip of a Foreign Power”.
The book contains a detailed history of the Israel lobby’s influence over various U.S. administrations going back to its creation.
Among the book’s most interesting revelations is how the Israel Lobby pushed anti-Iran propaganda in the United States in order to destroy U.S. diplomacy with Iran. … continue
Blog Roll
Aletho News- UK withholds files on Israeli firm accused of meddling in Scottish election, citing national security
- Iran says US ‘unprecedented violations’ of Geneva Conventions cannot be ignored
- Pentagon accused of ‘whitewashing’ civilian casualties
- Why does Turkey transfer ATACMS and will this save Neo-Nazi junta?
- Putin warns West over ship seizures
- Moscow mocks Romanian ‘evidence’ linking downed drones to Russia
- Britain and Germany Among Largest Suppliers of Parts for Ukrainian Drones – Russian Diplomat
- New Book Reveals How The Israel Lobby Destroyed U.S. Diplomacy With Iran
- By Normalizing Ties With Israel, Delcy Rodriguez Betrays The Bolivarian Revolution
- Marjorie Taylor Greene: The Money Trail in Washington DC
- If Americans Knew
- Two girls shot in Gaza – BBC pieces together what happened and looks at dozens more child shootings
- ‘See. Listen. Speak’: Palestinian Churches Call for Action against Israeli Violations
- Turkey suspects Israel fabricated Trump Air Force One assassination plot to derail US-Iran deal
- Israeli Bulldozing Intensifies Destruction of Farmland, Water Systems in West Bank and Gaza
- Gazans struggle with “slow and cumulative effect of…manufactured deprivation” – Daily Update
- Israel’s siege cripples transport system in Gaza, cuts off food and medicine, pushing residents back toward famine
- “She was shot in the head. She was in the prayer area memorizing the Quran.”
- ‘Is this how our story ends?’ Palestinian refugees live in fear as Israel takes aim at West Bank camps
- ISRAELI MEDIA: International Media Is Failing Palestinian Journalists in Gaza
- Zionism has warped the lexicon, so words are now convenient weapons
- No Tricks Zone
- Germany Also Saw Extreme Drought Conditions In The 1940s…Worse Than Today
- Another New Study Links Modern And Past Global Warming To Natural Changes In Cloud Clover, Not CO2
- Uncertainty In Estimating Solar Forcing Across The Arctic Is 100-350x Larger Than CO2’s Alleged Climate Impact
- Farce Of The Week: Germany’s Weather Site Donnerwetter.de Attempts To Measure The Rhine River’s Temperature!
- Analysis: Robert Koch Institute’s Heat Death Model Is “A Joke”… Deaths “Assumed” To Be Due To Heat
- New Research Finds Increasing CO2 Induces Cooling In The Lower Atmosphere Over The Arctic
- Germany’s Industrial Suicide… Grid Agency Prepares Secret Power Rationing Plans Amid Electric Power Bottlenecks
- ECMWF Models Throwing Cold Water On Extreme Germany Heat Wave Forecast Next Week
- Greenland’s Ice Sheet Was Supposed To Be Rapidly Melting Away. It Hasn’t Been.
- Global Temperature Trend Has Cooled Over The Past 6500 Years, Scientists Have Found
Aletho News 
Leave a comment