Word: zarubezhneft
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Dates: during 2002-2002
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Back in 1997, the Russian companies Lukoil, NK Zarubezhneft and Machinoimport signed a 23-year, $3.5-billion contract guaranteeing them access to the colossal West Qurna oil field—which may hold up to 15 billion barrels—once sanctions are lifted. Last week, the Iraqi newspaper Al-Zawra indicated that another Russian firm had solidified an arrangement to drill wells south of Basra...
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