The average price of Russia’s Urals export oil blend jumped 69% in April 2010 year-on-year to $82.5 per barrel as the world economy recovers from the effects of the global economic crisis, a Finance Ministry official said on Tuesday. Alexander Sakovich, head of the ministry’s consolidated analysis department, said the Urals price was $48.81 per [...]
Category: Russian Resources
May 4, 2010
July 1, 2009
Lukoil Returning to Iraq?
For the first time in 37 years Iraq is inviting foreign companies to develop its oil assets. Among them is the West Qurna field, where Russia’s Lukoil is bidding. West Qurna 1 is one of the biggest oil fields in Iraq. The tender proposes the developer should produce 1 million barrels of oil from West [...]
