Russia's Lukoil conduct talks with China to sale Iraqi oil

and Sinopec to sale of oil from the Iraqi West Qurna field -2.

Lukoil controls 75 percent of the Iraqi field and looking for a partner to replace Norway's Statoil, which decided to withdraw from the project last year.

The Russian company also said in statements reported by Reuters , briefed by “Shafaq News “ that “ It is looking for a partner with a high marketing capabilities , which is available in Chinese companies hungry for energy”.

Kaberof told reporters in Faranda Antarctic village on the occasion of launching production from a nearby oil fields that” We have talks now to sale Iraqi oil from the field and we are interested in long-term deals “.

Lukoil expects initial production of more than 120 thousand barrels per day from West Qurna -2 in the first quarter of next year, when average production for the whole year would reach more than five million tons (more than 100 thousand barrels per day).

West Qurna -2 is the second largest unexploited oil field in the world and has recoverable reserves estimated at 14 billion barrels , which is important for the Iraqi economy .