... PJSC Rosneft, which absorbed Bashneft in 2016 and thus strengthened its position, participates in the development of blocks 8, 9, 10, 11 and 13, as well as in the Block 12 project. At the same time, some companies plan to expand their activities in Iraq, and a number of other Russian oil and gas companies are interested in starting such work. The total investment of Russian companies in Iraq exceeds $13 billion.
Iraq itself continues to be subject to the dynamics of the US confrontation with Iran, and it remains unclear if the upcoming ...
... cuts with them, with Russian companies possibly hurt, among others. The Iraqi Kurdistan government already asked Russia's Gazprom Neft to reduce its investment in the Sarqala oil project, but the
company refused
. The situation may also affect other Russian oil and gas companies in Iraq, including Lukoil, Rosneft and Bashneft.
The political crisis in Iraq has impinged upon bilateral relations. It arose following the resignation of Prime Minister Adel Abdul Mahdi amid last year’s
mass protests
, and the subsequent failure to form ...
Russian Oil Companies Return to post-Saddam Iraq
Russian energy companies in Iraq have maintained their presence in the country regardless of the political forces in power, working within the current domestic political situation. Prior to the Syrian campaign of 2015, which was assumed to mark ...
... International Affairs Council as part of the RIAC’s project on «Conflicts in the Middle East: Tools and Strategies for Settlement». This paper is devoted to analyzing the situation in the oil and gas market in Iraq and Syria, as well as the energy policy of Russia in the Arab Mashreq region. The authors also analyze Iraq’s oil prospects in the post-war period under sanctions against Iran. Special attention is paid to the Kurdish factor and the role the Kurds play in the future of energy in the region, the possibility of subregional integration in the Arab Mashreq and the ...
... Cooperation Council (GCC). This agreement would also increase pressure on non-compliant states like Iraq, to adopt similar measures, even though gaining full cooperation from Baghdad is complicated by the Iraqi government’s lack of jurisdiction over Iraqi Kurdish oil contracts. In short, Russia has a major opportunity at the August 7-8 Abu Dhabi summit to emphasize its unequivocal commitment to obtaining universal compliance amongst OPEC member states with oil production quotas. Achieving this level of compliance will be difficult in ...
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One of the sad things about looking at current commentary about Russia, America, and the state of their relationship is the lack of measured and reasoned commentary. Make no mistake, though, the problems between Russia and America are serious and affect a whole host of major issues around the world from wars in Syria ...
... overall situation would not slow down West Qurna-2 progress. The production rate will soon reach 400,000 bpd or even exceed this level, whereas the current rate stands at
330,000 bpd
.
Baghdad is Strengthening Ties
www.countercurrents.org
Although Russian-Iraqi oil cooperation is unquestionably restrained by export pipeline difficulties and red tape, Russian oilmen are genuinely happy about their engagement with the Iraqi administration and Oil Ministry.
As a matter of fact, Iraqi officials, who are often surrounded ...