Lukoil, Zarpsonaft Seek To Drill For Oil West Of Euphrates

BAGHDAD / NINA / The Russian giant Lukoil company for excavations and the oil industry announced that it signed with the Russian oil company / Zarpsonaft / a joint memorandum of understanding with the Iraqi company for excavations on the possibility of detecting the oil patch geologist on the west of the Euphrates ." The company said in a statement today, " A joint memorandum of understanding was signed in Baghdad with the Iraqi company for oil excavations about the possibility of detecting the oil patch geologist on the west of the Euphrates an estimated area of 17 thousand square kilometers ." Lukoil confirmed in a statement that, " a survey on the oil patch now is conducting , and then a decision will be made to prepare a draft contract for the project " pointing out that the company Zarpsonaft will serve as a partner with the Russian company Lukoil . " Lukoil pointed out that it " looks forward to the potential contribution in the tender for the Nasiriyah project in partnership with Russian state oil company Zarpsonaft ," indicating that "the project is to develop Nasiriyah oil field and establish an oil refinery in it." / End