Lukoil is Russia's biggest, most globally diversified oil company, and Baku native Vagit Alekperov, its first and only CEO, is its global strategist. In his Moscow office, a six-foot-wide map of the world dominates one wall. As Alekperov pursues diversification, Lukoil is spreading its tentacles across the globe with fields in Kazakhstan, Azerbaijan, and Egypt. It even owns Getty filling stations in the U.S. But one of its biggest project is in Saddam Hussein's Iraq. In 1997, Alekperov signed a $20 billion, 23-year deal with the Saddam regime to extract 5 billion barrels of oil from Iraq's West Qurna field. Five years later, Lukoil has not drilled a single well there. It can't develop the Qurna field, which would boost its reserves by more than 25%, while U.N. sanctions are in place.