Russian Lukoil signs deal to develop huge Iraqi oil field

Russia's Lukoil signs deal to develop huge Iraqi oil field

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Iraq has signed a contract with Russia's Lukoil to develop one of the world's biggest oilfields, sealing the last of 10 deals that could turn the war-shattered country into a top oil producer.

AFP - Russian energy giant Lukoil signed an agreement in Baghdad on Sunday to develop Iraq's massive West Qurna-2 oil field, the company said in a statement.

Along with Norway's StatoilHydro, Lukoil signed an initial deal in December last year to develop the field, which is expected to dramatically increase the country's crude production to 12 million barrels per day (bpd) by 2017.

According to the terms of the deal, Lukoil and StatoilHydro are aiming to raise production at the field in southern Iraq, which has proven reserves of around 13 billion barrels of oil, to 1.8 million bpd.

They will receive fees of 1.15 dollars per barrel extracted.

"Production must reach 1.8 million barrels over the course of the next six years," Iraq's Oil Minister Hussain Shahristani said at the signing ceremony, attended by Lukoil president Vagit Alekperov.
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Lindsey Williams on Jeff Rense 28 January 2010

Lindsey Williams, who has been an ordained Baptist minister for 28 years, went to Alaska in 1971 as a missionary. The Transalaska oil pipeline began its construction phase in 1974, and because of Mr. Williams' love for his country and concern for the spiritual welfare of the "pipeliners," ; he volunteered to serve as Chaplain on the pipeline, with the subsequent full support of the Alyeska Pipeline Company. Because of the executive status accorded to him as Chaplain, he was given access to information documented in his eye opening book, The Energy Non-Crisis.
After numerous public speaking engagements in the western states, certain government officials and concerned individuals urged Mr. Williams to put into print what he saw and heard, stating that they felt this information was vital to national security. Mr. Williams firmly believes that whoever controls energy controls the economy. Thus, The Energy Non-Crisis.

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Who is Lindsey Williams

Lindsey Williams, who has been an ordained Baptist minister for 28 years, went to Alaska in 1971 as a missionary. The Transalaska oil pipeline began its construction phase in 1974, and because of Mr. Williams' love for his country and concern for the spiritual welfare of the "pipeliners,&quot ; he volunteered to serve as Chaplain on the pipeline, with the subsequent full support of the Alyeska Pipeline Company. Because of the executive status accorded to him as Chaplain, he was given access to information documented in his eye opening book, The Energy Non-Crisis.
After numerous public speaking engagements in the western states, certain government officials and concerned individuals urged Mr. Williams to put into print what he saw and heard, stating that they felt this information was vital to national security. Mr. Williams firmly believes that whoever controls energy controls the economy. Thus, The Energy Non-Crisis.Go Here to learn more about Lindsey Williams :

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Lindsey Williams Energy Non Crisis - Hope DVD 2

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