LUK Oil delegation, Oil Minister discuss future cooperation

Baghdad (IraqiNews.com) The Russian LUK Oil Company confirmed its “adherence to development plans and increasing production of oil fields under its authority in Iraq.”

Statement by Iraqi Oil Ministry received by IraqiNews.com cited “The Iraqi Oil Minister Adil Abdul Mahdi met on Sunday with the Executive Manager of the Russian LUK Oil Company Wahid Kaberov in his office in Baghdad.”

The statement added “Minister Abdul Mahdi assured the Ministry’s adherence to provide a secure environment to attract investments which will develop the oil sector and oil industry in Iraq.”

The statement added “Abdul Mahdi appreciated the role of the LUK Oil Company in developing and increasing the production of Gharb Qurna Oil Field,” stressing Iraq’s adherence to increase cooperation with the Russian Company to include other projects.

For his part, the Executive Manager of the LUK Oil Company Kaberov emphasized adherence of his company to increase cooperation and investments in oil and gas sector as well as excavation in addition to petrochemicals.

Kaberov also denied the alleged statements telling that “contracts concluded by his company with Iraq allows his company to stay in Iraq for long years.” /End/