Contracting Services: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account
Products and vendors Services and providers Jobs

Lukoil to Sign Deal with Samsung on West Qurna-2

Source: Bloomberg 3/20/2012, Location: Middle East

Share |

OAO Lukoil, Russia’s biggest non- state oil producer, will sign an agreement with Samsung Group this week on the development of the West Qurna-2 oil field in Iraq, according to the Iraqi Oil Ministry. South Korea’s Samsung will install “a crude-gathering facility and a central processing plant for West Qurna-2,” the ministry said in an e-mailed statement. The deal will be signed March 22, it said, without elaborating further.

Lukoil expects to complete the purchase of Statoil ASA (STL)’s stake in West Qurna-2 in May, Chief Executive Officer Vagit Alekperov said March 14. Lukoil may invite new partners to join the project, he said. Moscow-based Lukoil and Norway’s state-controlled Statoil won the rights to develop the second phase of the field in 2009.

Contracting Services News in Iraq >>

OLC Awarded EPC Contract for $320mn Sohar Pipeline
Oman >>  12/16/2014 - Orpic Logistics Company (OLC), a joint venture between Oman Oil Refineries and Petroleum Industries (Orpic) and the Spanish firm Compania Logistica de...
Middle East Oil Demand in December 2014
Saudi Arabia >>  12/14/2014 - In the Middle East, yet again there were opposing trends in oil demand in October 2014. While oil demand in Saudi Arabia continues its positive moment...

ADCO Awards Tecnimont SPA $2.3bn EPC Contract
United Arab Emirates >>  12/11/2014 - Maire Tecnimont S.p.A. has signed an EPC contract with Abu Dhabi Company for Onshore Oil Operations (ADCO) for the execution of the Phase III of Al-Da...
Kentz Awarded Four-Year EPCM Contract by Qatar Shell
Qatar >>  12/10/2014 - Qatar Kentz, a member of the SNC-Lavalin Group, has been awarded a four-year multi-million-dollar call-off contract, with a possible two-year extensio...

Middle East Oil Supply in November 2014
Yemen >>  11/24/2014 - The continuing unrest in Yemen and Syria has contributed to decline by 0.03 mb/d in 2014 forecast in non-OPEC Middle East oil supply averaging 1.33 mb...



Related Categories: Civil Works  Construction Contractors  Electrical Works  Engineering Procurement and Construction (EPC)  Engineering Procurement and Construction Management (EPCM)  General  Mechanical Works  Pipe Lines Installations  Steel Works 

Related Articles: Civil Works  Construction Contractors  Electrical Works  Engineering Procurement and Construction (EPC)  Engineering Procurement and Construction Management (EPCM)  General  Mechanical Works  Pipe Lines Installations 


Iraq Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 |

More News

Oil & Gas Projects in Iraq >>

Oil & Gas Companies in Iraq >>

Related Links

Countries Quick Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas B2B marketplace:   About -  Advertising -  Competitive Intelligence -  Talent Solutions -  Membership Services Follow us on Facebook
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us  Gulfoilandgas rss feed