Russia's Lukoil Says Step Forward Made In Iraqi Oil Project

The head of OAO Lukoil said Tuesday that the Russian oil company has come a step closer to renewing its work at Iraq's massive West Qurna-2 oil field.

In a statement released by the company, Lukoil President Vagit Alekperov said the agreement was reached during a trip to Iraq where he met the nation's president, prime minister and other top officials.

The agreement calls for forming a working group that will "actualize the terms for beginning the realization of the West Qurna-2 project.

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