Lukoil of Russia plans Middle East expansion

7 Mar 04 Mar,2017

Lukoil is targeting new projects in the UAE, Iran, Oman and Kuwait as it plans to expand its operations in the Middle East. The company recently announced a successful discovery on the Block 10 and it will be carrying out further appraisal wells during 2017. The company is investing in further drilling and in the future will be developing the field which will bring significant production. The company has proposed detailed plans of how it would develop those fields and is expecting to be awarded a contract.

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