Tag Archives | Russia

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 […]

Oil Ministry’s “Odious Contract Trap” with ExxonMobil

By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Ministry of Oil and the “Odious Contract’ Trap” with ExxonMobil’ Consortium Talks have intensified recently about the continuation of negotiations between the Ministry of Oil (MoO) and ExxonMobil/CNPC consortium that might […]

Indian Firm Wins $37m Seismic Contract in Iraq

By John Lee. Indian-based Asian Oilfield Services Limited has announced that it has won orders totalling $37 million in Iraq. The orders relate to seismic acquisition at Block 12, with $12 million for a 2D survey and $25 million for a 3D survey. Block 12, located in the Najaf and Muthanna provinces, is being developed […]

Russia’s Gazprom Neft interested in Expanding in Iraq

By John Lee. Russia’s Gazprom Neft is reported to be interested in expanding its operations in Iraq. Reuters says boss Alexander Dyukov told the annual general meeting on Friday that the company, which is already developing the Badra oilfield, is also “looking at” the Mansuriyah gas field near the Iranian border. It says that Iraqi […]