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    Lukoil will compete on equal footing in Iraq

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    RT News Channel

    RT News Channel

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    Russia's ambitions in the Middle East oil sector have been under discussion with Iraq's Oil Minister in Moscow. Iraq is drawing up a new oil and gas law, which will reassess all agreements made with foreign companies under Saddam Hussein. It means Russia's Lukoil will have to compete for a field it signed up to develop in the 1990s.