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Dad who drowned sons gets death penalty
MOSCOW, June 16 (UPI) -- Officials at Russia's private oil company LUKoil said they were interested in upgrading infrastructure associated with the West Qurna oil field in Iraq.
Vagit Alekperov, the top executive at Russia's largest oil company, had met with Iraqi Oil Minister Abdul-Kareem Luaibi to discuss development of the West Qurna-2 deposit.
Revisions of estimated reserves in Iraq led the country's oil minister to say in October that there were around 143 billion barrels of oil in Iraq. Reserve estimates for West Qurna-2 are around 13 billion barrels.
LUKoil is developing West Qurna-2 alongside Norwegian energy company Statoil.
Alekperov said his company wanted to upgrade the transport infrastructure from the field. An electric power station fueled by associated gas at the field was considered as well, Russia's state-run news agency RIA Novosti reports.
Full-scale production is slated for the end of 2012. The field should reach a peak production rate of 1.8 million barrels per day by 2017 and sustain that level for more than a decade.
West Qurna-2 is about 40 miles northwest of the port city of Basra near outlets to the Persian Gulf.
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| Additional Energy Resources Stories | |
OSLO, Norway, May 24 (UPI) --
Norwegian oil and gas company DNO International said tests from a field in the Kurdish region of Iraq yielded an average flow rate of more than 100,000 bpd.
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LEIDEN, Netherlands, May 24 (UPI) --
With South Korea edging closer to deciding on a contractor for its $7.3 billion KF-X fighter program a European competitor is dangling a new carrot to its bid.
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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