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Lukoil Group Wins Iraq Oil Auction

BAGHDAD — A consortium that includes Russia’s private oil giant Lukoil has won the biggest prize in the final round of Iraq’s largest postwar oil auction.

The deal gives Lukoil and Norway’s Statoil ASA rights to develop the major West Qurna Phase 2 field in Iraq’s relatively calm south. …

Angola’s state-run Sonagol had offered a bid that was initially rejected for a northern field, but it says Saturday it will agree to Iraq’s lower terms.