“This year, about $1.5 billion will be invested in the project,” he said, adding that the company has already compensated about $6 billion of historical cost.
Earlier, Alekperov announced that in the first half of 2017 Lukoil expects to negotiate with Iraq changing the terms of the contracts being implemented in the country. Then he emphasized that Lukoil’s proposals on amendment of contracts are mainly aimed at obtaining additional profit.
The field West Qurna-2 is located in the south of Iraq, 65 km from the city of Basra.