RealNews

Moscow eyes lost oil contract in Iraq

Russia’s largest oil company, Lukoil, is looking to the formation of a new Iraqi government as an opportunity to deal itself back into that country’s huge West Qurna oil field, regaining a lucrative contract it lost in December 2002 as coalition forces were building up for the 2003 invasion. Iraq’s foreign ministry, seeking Moscow’s help with some troublesome neighbors, has noted that Russian companies such as Lukoil understand Iraq’s oil industry and environment because of their long history in the country. Full Story

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