Russia’s Rosneft Sets Sights on Iraq

Rosneft, reportedly Russia’s biggest oil producer, is discussing projects in Iraq, its newly appointed president said on Friday.

“We are discussing,” Eduard Khudainatov told reporters on at the Sochi economic forum, without going into further details.

The company is planning for continued growth, and intends to hire of world-class specialists; it is expected to announce a new business plan in the coming weeks.

(Sources: Reuters, Businessweek, Rosneft)

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