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Lukoil plans to increase oil production in Iraq and is continuing negotiations on the conditions of service contracts, the Russian oil company's president, Vagit Alekperov told Interfax after a meeting with Iraqi Deputy Oil Minister Fayadh Al-Nima on June 1.
“We will,” Alekperov said, when asked if Lukoil plans to increase production in Iraq.
“Negotiations are still being held [on changes to contracts]. For now we have confirmation from the ministry about its willingness to hold negotiations,” Alekperov said.
