OAO Lukoil (LKOH) will start pumping crude from Iraq’s second-largest oilfield tomorrow as the nation boosts output to levels last seen more than three decades ago.
Russia’s biggest publicly traded oil producer will start producing 120,000 barrels a day at West Qurna-2 in the south. The field is expected to eventually yield 1.2 million barrels daily, or about a third of the nation’s current output.