Lukoil Ships First Oil from West Qurna-2

Russia's Lukoil reported Tuesday that the first batch of oil from its West Qurna-2 project in Iraq has been shipped from the port of Basra in the south of the country.

The shipment volume amounts to one million barrels and is being carried on the Sea Triumph vessel to the port of Augusta, Sicily. After being unloaded the oil will be transported to Lukoil's ISAB refinery in Priolo for processing.

Production at West Qurna-2 currently exceeds 280,000 barrels per day, Lukoil said, adding that the project's development is on schedule with the firm successfully fulfilling all of its contractual obligations.

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