Tag Archives | Russia

Petrofac in Kurdistan Deal with Gazprom Neft

Petrofac has secured a three-year master services agreement (MSA) to support Gazprom Neft Middle East B.V. with the provision of engineering services on a call-off basis for the Garmian field in the Kurdistan region of Iraq. The MSA was secured following a competitive tendering process and augments Petrofac’s extensive footprint in Iraq, where it has […]

Gazprom’s Largest Ever Maritime Shipment – from Badra

Gazprom Neft Badra, operator of the Badra field, has undertaken the largest ever maritime shipment of oil for export in the company’s history, with 1.78 million barrels of hydrocarbons being despatched for the United States in the New Solution crude oil tanker. This is, to date, the second oil consignment to the American market by […]

Rosneft in $1bn Kurdistan Pipeline Deal

Russian oil company Rosneft has completed its due diligence on infrastructure of the export oil pipeline in Iraqi Kurdistan (‘KROP”) and will shortly finalise the legally binding documents on oil pipeline project under the Investment Agreement signed at St. Petersburg International Economic Forum in June 2017. The Kurdistan Regional Government of Iraq and the Company […]

Sonangol to Transfer Iraqi Oil Fields?

By John Lee. A recent report suggests that, in the uncertainty following the recent Angolan election, the Iraqi assets of the state-owned oil company Sonangol are in play. Writing in Seeking Alpha, Jay Currie says the the Najmah and Qaiyarah [Qayara] oil fields may be transferred to Russian service company Eurasia Drilling, and questions the […]

Iraqi Airways to restore Service to Russia

By John Lee. Iraqi Airways plans to re-commence regular flights between Baghdad and Moscow later in September, following a break of 13 years. The news came following talks between Russia’s aviation watchdog Rosaviatsia and the Iraqi Ambassador to Russia Haidar Mansour Hadi. (Source: Rosaviatsia)

Trial Shipments of LPG from Badra Oilfield

By John Lee. Russia’s Gazprom Neft has reportedly started production of liquid petroleum gas (LPG) at its Badra field in Wasit Province. According to Energy Business Review, the company has started trial shipments of LPG to Iraq’s state-owned gas filling company, and to the Az-Zubaydiyah power station. The facility is expected to be operation in […]

Russia confirms $1bn+ Deal to supply Tanks to Iraq

Russia will supply a large batch of tanks to Iraq this year, according to the Russian TASS news agency in a report on July 20. The report cited Vladimir Kozhin, the Russian president’s aide for military technical cooperation as stating that the contract was significant and would likely be followed by ‘other deals’. The report […]

Kurdistan to Export Potatoes to Russia

By John Lee. The Kurdistan Region of Iraq is to export potatoes to Russia. According to a report from Basnews, production has exceeded demand, allowing 500 tons of the product will be exported to Russia this year. Speaking at the opening of a factory to produce fried potato chips, the KRG’s Minister for Agriculture, Abdulsattar […]

Russia to supply 73 Military Tanks to Iraq this year

By John Lee. Russia’s Uralvagonzavod (UVZ) will supply 73 of its T-90S/SK tanks to Iraq this year, according to information from the corporation’s 2016 annual report, published on Tuesday, According to the report from TASS, T-90S is an export variant of the Russian-made T-90 third-generation main battle tank, while the T-90SK main battle tank is designed […]

Assessment of KRG-Rosneft Recent Deals

By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Many of my Kurdish colleagues, members of the Finance and Oil Committees in the Iraqi federal Parliament, asked for my opinion on these deals. In response to that request and due to […]