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  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

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 >>

Petrofac Secures $300mln Contract at Al Fao
Iraq >>  10/30/2014 - Petrofac has secured a second contract extension from South Oil Company (SOC) for support on its Iraq Crude Oil Expansion Project. ...
Saipem Wins New EPC and Drilling Contracts Worth $2bln
Saudi Arabia >>  10/27/2014 - Saipem has been awarded a new Engineering & Construction contract in Saudi Arabia and new Drilling contracts in the Middle East and in Latin America c...

Rockwool Group Secures Contract in Takreer Refinery
  United Arab Emirates >>  10/27/2014 - A new order for Abu Dhabi’s TAKREER refinery project provides an excellent example on the huge business opportunities in the Middle East. The ROCKWOOL...
Middle East Oil Supply in October 2014
Bahrain >>  10/22/2014 - Middle Eastern oil production is estimated to decline by 20 tb/d in 2014 to average 1.34 mb/d, a downward revision of 30 tb/d from the previous month....

INPEX Commences Oil Production from Umm Lulu Oil Field
  United Arab Emirates >>  10/17/2014 - INPEX announced that, through its wholly-owned subsidiary, Japan Oil Development Co., Ltd. (JODCO), it commenced oil production from the Umm Lulu Oil ...
NEOS Begins Lebanon Airborne Geophysical Acquisition
Lebanon >>  10/16/2014 - NEOS GeoSolutions, Inc. has received, with the full support of its local partner Petroserv SAL, all the necessary permits and begun airborne acquisiti...



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 |

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 E-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