Sunday, September 9, 2007

Lukoil will compete on equal footing in Iraq

Duration: 02:24 minutes
Upload Time: 07-08-10 09:17:54
User: RussiaToday
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Description:

Russia's ambitions in the Middle East oil sector have been under discussion with Iraq's Oil Minister in Moscow. Iraq is drawing up a new oil and gas law, which will reassess all agreements made with foreign companies under Saddam Hussein. It means Russia's Lukoil will have to compete for a field it signed up to develop in the 1990s.

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