Lukoil to invest $ 1.5 billion into the project 'West Qurna-2' in Iraq in 2016.

Lukoil’s investment program for the "West Qurna-2" project in Iraq for 2016 is $ 1.5 billion. "Iraq fulfills its obligations - in October, in November and in December, we were given eight tanker positions. Total debt (of Iraq. - "the Kommersant") decreased to $ 1.45 billion. We have $ 6.5 billion invested into this project", - "Interfax" quotes the words of the president of Lukoil Vagit Alekperov. He stated that in H1 2016 the company planned to return the historical costs in Iraq, "the project will go by the means of reinvestment". Vagit Alekperov added that in 2016 drilling on block 10 in Iraq was planned to start, which is located within 100 km of "West Qurna-2".