KRG Signs New Agreements with Gazprom

By John Lee.

The Kurdistan Regional Government is reported to have signed new agreements with Gazprom Neft, the oil-producing subsidiary of Russian gas monopoly Gazprom.

"We are satisfied with Gazprom Neft's work in the region. New agreements have been reached with this Russian company in recent days," KRG President Masoud Barzani (pictured) was quoted as saying by news agency Interfax.

Gazprom acquired interests in two Kurdistan blocks last August, but also has a contract with the Oil Ministry in Baghdad for the Badra oilfield in the South of the country.

(Source: upstreamonline)

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