Russian oil company Lukoil has received approval from the Iraqi state-owned oil company Thi-Qar Oil Company (TOC) for an application for commercialization of reserves and a preliminary proposal for the development of the Eridu oil field in Iraq. In this respect Wrote Agency TASS, which refers to the press service of the Russian enterprise.
The oil field will be developed in conjunction with Inpex South Iraq LTD in the territory of Block 10 in Cumhuriyet. After the documents are approved by TOK, the work will begin. Companies plan to produce 250,000 barrels per day.
Geological exploration at Block 10 began in 2012. In 2016, Iraq’s largest field in the last 20 years was discovered here, with an estimated 12.9 billion barrels of reserves.
In the second half of November, Russian President Vladimir Putin in a telephone conversation with Iraqi Prime Minister Mohammed al-Sudani declaration The positive work of the two countries within the framework of the Organization of Petroleum Exporting Countries (OPEC+) was mentioned.
In the first half of December, the Sana agency, citing sources reportedThat the US military transported 66 truckloads of Syrian oil from Syria to Iraq.