Recently, a delegation from the Russian oil corporation Lukoil visited Baghdad to meet with Iraqi Prime Minister Mohammed Shia Al-Sudani to discuss the company’s activities in the country. Lukoil provided an update on their work in Iraq’s West Qurna 2 and Eridu oil fields, highlighting the progress made in their development plans.
During the meeting, Prime Minister Al-Sudani reaffirmed the government’s dedication to prioritizing the expansion and advancement of Iraq’s oil industry. He stressed the importance of increasing production capacity to transition from crude oil extraction to manufacturing petrochemicals and petroleum derivatives.
Al-Sudani also emphasized the necessity of completing major development projects to enhance Iraq’s oil revenue and ensure long-term financial stability through industry diversification. The discussion underscored Lukoil’s crucial role in Iraq’s energy sector and its potential to strengthen the nation’s economy.
Overall, the visit highlighted the mutual commitment between Lukoil and the Iraqi government to advance oil projects in the country, ultimately contributing to economic growth and stability.
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