Russia eyes New Oil Deals in Iraq

By Alexander Miller, for Eurasia Business News. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.

Russia eyes new oil deals in Iraq

Russia is actively expanding its oil interests in Iraq, capitalizing on opportunities created by Baghdad's need to modernize its hydrocarbon sector and boost crude exports.

In February, Moscow and Baghdad signed four major energy cooperation agreements and memorandums of understanding, signalling a significant escalation in bilateral energy ties.

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