Russia’s Gazprom Neft interested in Expanding in Iraq

by **claud39** Tue Jun 18, 2019 9:53 am

Russia’s Gazprom Neft interested in Expanding in Iraq

18th June 2019

Russia’s Gazprom Neft interested in Expanding in Iraq ScreenHunter-4321-623x346

18th June 2019 in Iraq Oil & Gas News

By John Lee.

Russia’s Gazprom Neft is reported to be interested in expanding its operations in Iraq.

Reuters says boss Alexander Dyukov told the annual general meeting on Friday that the company, which is already developing the Badra oilfield, is also “looking at” the Mansuriyah gas field near the Iranian border.

It says that Iraqi government is expected to launch a tender to develop Mansuriyah later this year. Iraq Business News understands that the field is currently being developed by TPAO (37.5%), Oil Exploration Company (25%), Kuwait Energy (KEC)(22.5%), and Kogas (15%).

(Source: Reuters)

http://www.iraq-businessnews.com/2019/06/18/russias-gazprom-neft-interested-in-expanding-in-iraq/

by **claud39** Tue Jun 18, 2019 9:55 am

International Oil Companies: Gazprom

Name: Gazprom

Based in: Russia

Gazprom is the largest extractor of natural gas in the world and one of the world’s largest companies.

Its name is a contraction of the Russian words Gazovaya Promyshlennost (Russian: газовая промышленность – gas industry). Gazprom has headquarters in Moscow.

Fields in Iraq:

Granted by the Ministry of Oil (Baghdad): Badra

Granted by the Kurdistan Regional Government (Erbil): Garmian, Shakal

From the company’s website:

In late 2009 a consortium of Gazprom Neft, Kogas (Korea), Petronas (Malaysia) and TPAO (Turkey) was pronounced the winner of the Iraqi Government tender for the development of the Badra field located in the Wasit Province located in the eastern part of the country.

Gazprom Neft, as the project operator, holds a 30 per cent stake in the project, Kogas – 22.5 per cent, Petronas – 15 per cent and TPAO – 7.5 per cent. The Iraqi government represented in the project by the Iraqi Oil Exploration Company holds a 25 per cent stake.

In February 2012 Gazprom Neft received approval from the Iraqi Government to enter into the engineering, procurement and construction (EPC) agreement to build a central oil gathering and processing facility at Badra.

For latest news on this company’s activities in Iraq please click here.

A full list of International Oil Companies (IOCs) operating in Iraq under licences granted by the Ministry of Oil in Baghdad can be found here.

http://www.iraq-businessnews.com/list-of-international-oil-companies-in-iraq/international-oil-companies-gazprom/