MOSCOW, March 6 (Reuters) - Russia's No.2 oil producer
Lukoil said on Monday it plans to produce 250,000
barrels per day at the Eridu oilfield in Iraq as it has received
regulatory approval.
It said that the company and Inpex South Iraq Ltd received
approval from state-owned Thi-Qar Oil Company (TOC) for the
declaration of commerciality of reserves and their development
proposal for the oilfield.
"Lukoil and Inpex South Iraq are planning to
proceed with the implementation of the Eridu oilfield
development plan targeting 250,000 barrels per day production,"
Lukoil said.
(Reporting by Vladimir Soldatkin; editing by Jason Neely)
@vsoldatkin;))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.