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Russia reveals the size of its investments in Iraq

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Russia reveals the size of its investments in Iraq Empty Russia reveals the size of its investments in Iraq

Post by claud39 Tue Feb 26, 2019 6:42 am

http://economy-news.net/content.php?id=15534



Russia reveals the size of its investments in Iraq




26/02/2019





Russia reveals the size of its investments in Iraq 13216





Economy News _ Baghdad



The Russian ambassador to Baghdad, Maxim Maximov, Tuesday, that Russian investments in the Iraqi oil and gas sector worth more than 10 billion dollars, indicating that Russian companies are planning to increase these investments.
"The Russian investment in the Iraqi oil and gas sector is more than 10 billion dollars," Maximov said in an interview with the Russian news agency Sputnik. "Russian companies do not intend to stop at this volume of investments."
He added that "Lukoil is implementing the project of West Qurna 2, which began to extract oil from it in March 2014 (400 barrels per day) and Lukoil continues to implement the Block 10 project in Iraq, in addition to the company Gazprom also participates in the implementation of Badra Project in Wasit Governorate ".
Maximov said that "Russian companies in their future plans are considering the possibility of their participation as a operator in the development of other hydrocarbon fields."
A number of Russian companies are developing a number of oil fields after participating in the first and second licensing rounds.
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