LUKoil eyes Iraqi oilfield contract

LUKoil, Russia's largest oil company, expects to receive a commercial proposal from Iraq's South Oil Co. on provision of oilfield services at the Rumeila South field, Asat Shamsuarov, vice president of LUKoil Overseas, told reporters.

At the request of the Iraqi Oil Ministry, LUKoil prepared project documents for reconstructing the water cutting systems at the field.

"(South Oil Company) plans to invite LUKoil, at least, that is what they said, to work on this project as a service company, but no more than that," Shamsuarov said.

The field development has run into certain technical problems, he said. "We have drafted solutions to eliminate those problems," Shamsuarov said.