Break-even point of West Qurna-2 called
Edited by Rhod Mackenzie / 2014-11-27 02:44:09
Lukoil’s oil project in Iraq - West Qurna-2 - will be profitable even if oil prices are much lower than the current one, the Reuters reported, referred to sources close to the Russian-Iraqi talks.
According to them, on Wednesday, November 26 Lukoil’s head Vagit Alekperov met with Iraqi Oil Minister Adel Abdel Mahdi in Vienna and discussed the prospects of development and economic efficiency of the West Qurna-2 project in the face of declining oil prices.
