LUKOIL has produced one billion barrels of oil at West Qurna-2 in Iraq since the launch of commercial operation of the field. The landmark achievement has been reached as the company stands on the threshold of its 30th anniversary. Located in the South of Iraq, West Qurna-2 is one of the world’s largest oil fields with around 14 billion barrels of initial recoverable reserves. The license area covers around 300 square kilometers.LUKOIL concluded a service agreement in December of 2009, commenced commercial production of oil in 2014 and subsequently succeeded with Phase 1 of the field’s development (the Early Oil of Mishrif Formation project). As of today, West Qurna-2 delivers 9% of Iraqi total oil production.In October of 2021, LUKOIL and INPEX CORPORATION applied to Iraq’s state-owned Thi-Qar Oil Company for commerciality of reserves and filed a preliminary proposal on the development of the Eridu oil field within Block-10. Geological exploration proved significant reserves, making Eridu the largest discovery in Iraq in the last twenty years.