Tag Archives | Russia

Lukoil Drills New Production Wells at West Qurna-2

Russian oil company Lukoil has commenced drilling of new production wells at West Qurna-2 field as part of the second development phase. The company has so far concluded contracts to drill 57 production wells, including 54 wells at Mishrif formation and 3 wells at Yamama formation. The drilling campaign will ramp up production at West […]

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PM receives the Putin’s Special Envoy to MEA

By John Lee. Prime Minister Adil Abd Al-Mahdi has received the Russian President’s Special Envoy to the Middle East and Africa, the Deputy Foreign Minister of Russia and his accompanying delegation, Mr. Mikhail Bogdanov, who conveyed the greetings of the Russian President and the Russian Prime Minister to His Excellency, renewing the support of the […]

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Russia wants More Projects with Iraq

By John Lee. Russian Foreign Minister Sergey Lavrov has said that Moscow is very interested in increasing trade, economic and investment ties with Iraq. Following a meeting on Wednesday with Iraqi Foreign Minister Mohamed Ali Alhakim, he said: “In the field of investment, especially in the hydrocarbon sector, there is a very good result. Lukoil, […]

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Lukoil confirms Geological Model for Eridu Field

Russia’s Lukoil has successfully completed testing of the fourth well as part of Eridu field (Block 10) appraisal phase in the south of Iraq. The testing resulted in the commercial flow of dry crude oil that proves the current geological model of Eridu field as effective. ​ Lukoil continues geological exploration at Block 10. For instance, […]

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Iraq buys Grain from US, considers Russia

By John Lee. Iraqi trade minister Mohammed Hashim has reportedly signed a deal on Thursday to import wheat and rice from the United States. According to Reuters, the agreement covers the first half of 2019. Meanwhile, Kurdistan 24 reports that a Russian delegation visited Baghdad this week to discuss exporting wheat to Iraq. (Sources: Reuters, […]

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Putin may visit Baghdad amid growing Russian-Iraqi Contacts

By Ruslan Mamedov for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  Putin eyes visit to Baghdad amid growing Russian-Iraqi contacts Lately, official Russian-Iraqi contacts have been intensifying noticeably. On Nov. 23, Russian Foreign Minister Sergey Lavrov and Iraqi President Barham Salih met behind […]

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Iraq Considers Importing Wheat from Russia

By John Lee. Iraq reportedly wants to allow Russian-origin wheat to be bought in its state tenders to supply the country’s massive food rationing programme. According to Reuters, the Trade Ministry will send a delegation to Russia before the end of the year to study the suitability of its wheat for Iraq’s needs. Iraq needs between […]

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Oil Production to Start at Block 10 in 2021

By John Lee. Russia’s Lukoil will start production at Block 10 in 2021, according to a report from Platts. The Chinese company Bohai has started to drill the 4th well at the block in southern Iraq. In February 2017 Lukoil announced Iraq’s largest discovery of oil for twenty years at the Eridu field in Block 10, […]

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Iraqi Airways carries 9,200 Passengers between Iraq, Russia

By John Lee. Iraqi Airways has reportedly carried 9,200 passengers between Iraq and Russia in the first 12 months of operating flights. According to rusaviainsider.com, this consisted of 5,200 inbound to Russia and 4,000 outbound. The majority of those passengers flew between Moscow’s Vnukovo Airport and Baghdad, with the rest flying between Vnukovo and Basra. […]

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SNC-Lavalin awarded West Qurna 2 Contract

Canadian-based SNC-Lavalin (TSX:SNC) has announce that it has been awarded a framework agreement for project support services with LUKOIL Mid-East for the West Qurna phase 2 oil field in Iraq. Christian Brown (pictured), President, Oil & Gas, SNC-Lavalin, said: “We continue to build on our long-term relationship with LUKOIL and to help them realize their […]

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New Tenders for Development of West Qurna-2

By John Lee. Russian oil company Lukoil has published tenders for two projects at its West Qurna-2 oilfield: Decentralised Water Injection Facilities – click here for more information; Gas Turbine Power Plant Expansion – click here for more information. Interested companies have until 23rd July to apply for documents, and bids will be accepted until […]

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