Gazprom Updates on Iraq Ops

By John Lee.

In a Management Report released to the markets, Gazprom gave the following update on its operations in Iraq:

• The Badrah field (pictured) (30% held by Gazprom Neft Group): In 2015 production was 1.4 million tons of oil, a level sufficient for the project to pay back.
• The Garmian block in Iraq (Kurdistan) (40% held by Gazprom Neft Group): In 2015 oil production was a total of 219.0 thousand tons.

(Source: Gazprom)