Lukoil and Iraq Hold Third Meeting on Oil Sector Cooperation

From March 21 to 22 the third meeting of the joint Technical Committee of OAO LUKOIL and the Iraqi Ministry of Oil on coordination of activities and joint cooperation in oil and gas area was held in Dubai.

Abdulila Al-Amir, consultant of the Iraqi Ministry of Oil, Alexander Kolomatsky, Regional Director of LUKOIL Overseas for Middle East, as well as oil production, planning and HR training experts of the parties took part in the meeting.

The Committee acts in pursuance of the Memorandum of Understanding and Cooperation signed by LUKOIL and the Ministry of Oil of Iraq on March 10, 2004 in Baghdad.

The meeting's participants considered a number of issues regarding the cooperation in the oil and gas industry of Iraq.

According to the Memorandum, in 2005 120 oilmen from Iraq will undergo traineeship on facilities of LUKOIL-Western Siberia and 71 oilmen on facilities of LUKOIL-Nizhnevolzhskneft.

LUKOIL also organizes academic education for 100 Iraqi students. In addition to 29 students hosted in 2004, 71 more students will proceed to studies. In particular, Gubkin State Russian Oil and Gas University will enroll 6 new students from Iraq, Ufa State Oil and Gas Technology University will host 41 students and 24 students will go to the State Petroleum Academy of Azerbaijan.

The Ministry of Oil of Iraq addressed LUKOIL requesting possible expansion of the training and professional development program for the national oil industry. The parties agreed to hold the next meeting of the Technical Committee in July 2005. The first meeting was held on June 22, 2004.