Pair pay $25m for Iraqi block ticket

Lukoil has disclosed that it and partner Inpex will each pay a signature bonus of $25 million to the Iraqi authorities for their award of Block 10 in the country’s latest licensing round.

Reserves potential: Lukoil's Block 10 is in the vicinity of the producing Rumaila oilfield in southern Iraq
Reserves potential: Lukoil's Block 10 is in the vicinity of the producing Rumaila oilfield in southern Iraq
Published 1 June 2012, 12:44Updated 1 June 2012, 12:47
Middle East