Tag Archives | Russia

Russia may Triple Investment in Iraqi Oil

By John Lee. Investment by Russian oil and gas companies in Iraq may increase three-fold, according to a report by Tass. It quotes Russian politician Yury Fedorov [Nikolay Vasilyevich Fyodorov] as telling the Iraqi Ambassador to Russia, Abdul-Rahman Al-Husseini, that the total investment in Iraq by companies such as Lukoil, Bashneft and Gazprom Neft has […]

The Only Winner of the US-Iran Showdown is Russia

By Maggie Tennis and Strobe Talbott, for The Slate. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Hours before Iran launched a missile attack on U.S. troops in Iraq, Vladimir Putin visited Syria to huddle with his Syrian counterpart Bashar al-Assad over the mounting […]

Airlines Re-route away from Iraq, Iran

By John Lee. The US Federal Aviation Administration (FAA) has reportedly banned US carriers from flying in the airspace over Iraq, Iran, the Gulf of Oman and the waters between Iran and Saudi Arabia. The ban was imposed due to “heightened military activities and increased political tensions in the Middle East, which present an inadvertent […]

Russian-Iraqi Business Council meets Iraqi Ambassador

The Ambassador of the Republic of Iraq to Moscow Meets with President of Russian-Iraqi Business Council and the Executive Director of the Council The Ambassador of the Republic of Iraq to Moscow, Mr. Abdul Rahman Al-Husseini, met with the Chairman of the Russian-Iraqi Business Council Mr. Benderski Eduardo, and the Executive Director of the Council […]

Gazprom Neft Increases Production in Kurdistan

Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has produced its three-millionth tonne of oil since starting commercial production at the Sarqala field in the Kurdistan Region of Iraq (KRI). Total cumulative production at the Sarqala field has reached three million tonnes, or 23 million barrels of oil, as at December 2019. Daily liquid hydrocarbon production at this asset is currently running at 4,000 […]

The Future of Iraq’s Oil Is Russian

By Vera Mironova and Mohammed Hussein, for Foreign Policy. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. With ongoing protests making other investors nervous, Moscow is charging ahead. Despite ongoing protests in Baghdad, which have seen the departure of many foreign diplomats for […]

Iraq steps up Search for Advanced Air Defense System

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq recognizes its urgent need to develop a defense system to prevent violations of its airspace and targeting of its Popular Mobilization Units (PMU) sites. Whether the solution will […]

Iraq Purchase of Russian S-400 ‘not on the table yet’

Iraq is not discussing the purchase of the Russian S-400 missile defense system, Iraq’s ambassador to Russia has told Rudaw, following rumors Baghdad is in the market for such a system to counter recent Israeli airstrikes on Iraqi territory. “There haven’t been and there aren’t any discussions or consultations between the Iraqi government and the […]

Will Russia reinforce Iraq’s air defenses?

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.  A series of alleged Israeli strikes on Iran-linked targets in Syria, Lebanon and Iraq have sent shockwaves across the region and beyond. The attacks on Iraq in particular are unprecedented, with long-term effects yet […]

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Gazprom Neft starts shipping Sulphur from Badra

Gazprom Neft subsidiary Gazpromneft-Badra has begun shipping granulated sulphur from its Badra oilfield in Iraq — the unique gas infrastructure installed by the enterprise here having made it possible not just to diversify production, but also increase associated petroleum gas (APG) utilisation to 98 percent. The pilot consignment, delivered by order of Iraqi client “Ard […]

Sanctioned Russian Firm may Develop Iraq’s Block 17

By John Lee. Russia’s Stroytransgaz has signed a preliminary contract for the exploration, development and production of Block 17, in Anbar province. At a signing ceremony in Wednesday, Deputy Prime Minister for Energy Affairs and Oil Minister Thamer Abbas Ghadhban said that preliminary studies and information indicate the existence of oil reserves ranging between 2 […]