Tag Archives | Russia

Oil Minister meets with Chinese and Russian IOCs

By John Lee. The director of the China National Offshore Oil Corporation (CNOOC) has presented his company's plans for the development of the Bazergan [Buzurgan] oil field in Maysan to Iraq's Oil Minister Ihsan Abdul-Jabbar. In a separate meeting on Wednesday, the Minister also received the CEO of Lukoil in Iraq, Igor Zubarev, who gave […]

Russia Considers Major Investment in Iraqi Gas Field

From Middle East Monitor, under a Creative Commons licence. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. The Russian Ambassador to Iraq, Maxim Maksimov [Maximov] (pictured), said that Russia is seeking to invest heavily in Al-Mansouriya gas field, in the Diyala governorate. Maksimov […]

Iraq Considers Russian Air Defense System

An Iraqi lawmaker said Baghdad is considering purchasing advanced Russian air defense systems to enhance its air capabilities and protect its airspace. Baghdad is studying the purchase of Russian made long-range, surface-to-air S-300 systems or S-400 missile defense systems if the United States does not provide it with modern air defense systems, the Chairman of […]

Coronavirus causes Staffing Problems for Lukoil in Iraq

By John Lee. Lukoil is reportedly having difficulties staffing its operations in Iraq due to coronavirus and associated restrictions. Interfax cited chief executive Vagit Alekperov (pictured) was quoted as saying that the company has a problem with replacing shift workers, adding, "We are reaching deals with people to keep them on for shifts that are […]

Jiyad: Oil Market Collapse Damages the Iraqi Economy

By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Oil Market Collapse, Damages the Iraqi Economy and Changes Oil Geopolitics The collapse of the global oil market is undoubtedly unprecedented in its timing, magnitude, spread and devastating impacts across the globe. […]

Gazprom "Not Reducing Investment" in Iraqi Kurdistan

By John Lee. Russia's Gazprom Neft has reportedly said it will not reduce investment in its projects in Iraqi Kurdistan, despite a request from the Kurdistan Regional Government (KRG) to do so. Reuters reports that following a slump in oil prices, oil producers have been asked to reduce their investments, which governments often have to […]

KRG to Investigate Alleged $250m payment from Rosneft?

By John Lee. The Prime Minister of the Kurdistan Regional Government (KRG), Masrour Barzani, has reportedly called for the public prosecutor to launch an investigation into allegations that Russian state oil company Rosneft paid $250 million to a consultant to secure deals in Iraqi Kurdistan. Earlier this month, Bloomberg claimed that the oil company paid […]

Rosneft "Paid Mystery Consultant $250m in Iraq Deal"

By John Lee. Russia’s state oil company Rosneft has reportedly paid $250 million to an external consultant to help secure deals in Iraqi Kurdistan. Bloomberg reports that Rosneft Trading SA in 2017 “entered into an advisory agreement with an external consultant for advisory services relating to Rosneft Group’s proposed concession agreement and Production Sharing Contracts […]

Ambassador meets Russian Deputy Minister of Energy

The Ambassador of Iraq in Moscow, Mr. Abdul-Rahman Hamid Al-Hussaini, met with the Russian Deputy Minister of Energy, Mr. Pavel Sorokin to discuss bilateral cooperation in the fields of energy (oil, gas, and electricity). Ambassador Al-Hussaini stressed Iraq’s keenness to develop relations with the Russian Federation in the energy sector and provide support to Russian […]

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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 […]