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Who Said They Can't Participate»
Post-war Iraq delivering big surprises...
Russian oil major LUKoil and the Iraqi Oil Ministry have signed a memorandum on understanding and cooperation, Lukoil president, Vagit Alekperov, said at a news conference in Baghdad today.
"These talks are an important testament to LUKoil's strengthening position in Iraq and yet another significant step in comprehensive efforts aimed at resuming the company's operations in Iraq," Alekperov said. He called the memorandum a positive step in developing the dialogue with the Iraqi side. "It is proof of how serious our intentions are in strengthening long-term cooperation with the Iraqi Oil Ministry," Alekperov said.
He went on to say that a joint working group had been set up to draft proposals for LUKoil's participation in Iraqi oil and gas projects.
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