By John Lee. Gazprom Neft has said it has no problems in Iraq and does not feel that its work in the country is under threat. Deputy CEO Vadim Yakovlev (pictured) told reporters on Tuesday: “Of course we are worried because we operate there and our people are still working ... [but] we do not […]
LUKOIL Overseas (the Operator of LUKOIL's overseas upstream projects) has informed Iraq’s Ministry of Oil that it has fulfilled its contractual obligations for first commercial production at West Qurna-2. LUKOIL, the Operator of the West Qurna-2 project, successfully maintained an average daily production of at least 120 thousand barrels for 90 days, entitling it to […]
By John Lee. The Ministry of Science and Technology announced that it will launch a satellite for research purposes on 20th June from a base in the north of Russia. Built in conjunction with La Sapienza University in Rome, the "Tigrisat" satellite (pictured) will also detect dust storms over Iraq. It weighs just 4 Kg […]
On 31 May, Gazprom Neft began production at the Badra oilfield in Iraq. The central gathering station (CGS) is currently undergoing complex testing of its crude oil processing system. Testing will be completed in three months once enough oil has been accumulated for commercial production to begin. The Badra field will then be ready to […]
By John Lee. Lukoil boss Vagit Alekperov (pictured) has told journalists that production at the West Qurna-2 oilfield has reached 200,000 bpd, from a starting volume of 120,000 bpd two months ago. He added: "By the end of the year according to obligations 400,000 will be reached. Today there is no doubt that 400,000 will […]
By John Lee. Minister of Foreign Affairs, Hoshyar Zebari received on May 21, 2014, Ambassador of the Republic of the Russian Federation, Elia Morgnov. During the meeting, the Russian Ambassador congratulated the Iraqi people for the success of the legislative elections, hoping to achieve progress and prosperity of Iraq. The two sides discussed bilateral and […]
By John Lee. Russia's Lukoil is considering joining a joint venture with Russian state-owned exploration and production company Zarubezhneft to develop the Nassiriya oil field and help build an associated refinery. The next round of talks on the project with the Iraqi government is expected this summer, LUKoil CEO Vagit Alekperov (pictured) stated earlier, according […]
By John Lee. Russia is preparing to deliver a new batch of highly-sophisticated military helicopters to Iraq late June, according to a report from Kuwait's KUNA. The new batch will include Mi-35 (pictured) and Mi-28NE 'Night Hunter' attack helicopters, and is part of the $4.2 billion deal signed in 2012. To date, Baghdad is reported […]
Gazprom Neft, operator of the Badra oilfield development project (pictured), has appointed a contractor to lay the pipeline connecting the field to the power station in Zubaidiah (Wasit Province). The tender was won by Pakistani company Techno Engineering Services (Pvt.) Ltd. In line with the contract, Techno Engineering Services will produce the designs, supply the […]
LUKOIL has started a 2D seismic survey at Block 10 in the south of Iraq. 2000 linear kilometers of seismic surveys will be completed by the BGP Inc. geophysical company within 16 months. The Mandatory Geologic Exploration Program at Block 10 is scheduled to take five years with a potential 2-year extension and includes drilling […]
Gazprom Neft has completed laying, testing and connecting a 165 km oil pipeline from the Badra field, which the Company operates in Iraq, to the Gharraf oilfield (Nasiriyah district, Iraq). With infrastructure already in place at Gharraf, completion of the pipeline from Badra means that the field is now connected to the main Iraqi pipeline […]
Russia's Gazprom Neft has increased its estimated costs for the Badra oil field to about US $3 billion, reports Bloomberg, citing a bond prospectus recently issued by its parent company. The company had previously forecast costs at about $2 billion. The field is being developed by Gazprom as lead partner (30% stake), along with Korea’s […]
