Russia, Iraq Face OPEC+ Cuts, Look to New Deals
... 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 change ...