Friday, May 02, 2008

Russia Investing in Iraq


Lukoil CEO Vagit Alekeprov said that Russia is back in business in Iraq:
Russia Today: The geography of your business outside Russia is really impressive. What countries or regions are the most important for you and are you starting any new projects?

Vagit Alekeprov: The priority for us is Iraq, with its unique West Kurna 2 project. My latest trip to Baghdad gives me confidence that this project will be a success. We feel that the top leaders of the country are interested in creating an investment climate in Iraq so that huge amounts of money - which will be billions and billions of dollars - will be invested to develop their unique fields.
More details on the partnership with Conoco-Phillips from the Rebuild Iraq website. Background to this deal in an August 2007 Kommersant article. You can read a biography of Vagit Alekperov on Wikipedia.