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Russia's Lukoil says signs new plan for Iraq's West Qurna-2 oilfield

Russia's Lukoil and the Basra Oil Company signed a development plan for the West Qurna-2 field that provides for an oil production plateau of 800,000 barrels per day, Reuters reported.

According to the plan, oil production of 480,000 barrels per day will reach in 2020 and 800,000 barrels per day is expected in 2025.

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