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Lukoil Boss Vagit Alekperov to Invest US$1.5 Billion in West Qurna 2 Oil Fields, Iraq

the company was compensated for US$6 billion historical costs

Lukoil’s West Qurna-2 oil field in Iraq will undergo a US$1.5 billion dollar investment according to Lukoil boss Vagit Alekperov. Mr. Alekperov has also said the company was compensated for US$6 billion historical costs and also said he expects to revise the contract with the country in order to generate  a sustainable profit. 

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