Russia's Lukoil wins big in Iraq oil auction

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Russia's Lukoil wins big in Iraq oil auction - Olympian

Lukoil and Norway's Statoil ASA won rights to develop the 12.88 billion barrel West Qurna Phase 2 field in the Basra region, beating out three other consortiums led by France's Total SA, Malaysia's state-run Petronas and British giant BP PLC.

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