By John Lee. UPI reports that Russia has started fulfilling a contract to send attack helicopters and short-range air defense systems to Iraq. Sergei Chemezov (pictured), Chief Executive Officer of Russian Technologies (Rostec), was quoted by state news agency RIA Novosti as saying: "The contract is being implemented, the production (of ordered equipment) has started." […]
The Iraqi Grain Board has reportedly bought 250,000 tons of wheat from Russia. Aswat Al Iraq says the purchase was made following a bid to buy 500,000 tons of wheat, which was closed last week. According to Russia Today News Agency, the shipments will be made between 1st and 31st July, 2013, and delivered in […]
By John Lee. Russian news agency RT reports that Rosneft is considering a joint venture with ExxonMobil in Iraq. Company President Igor Sechin (pictured) told reporters: "We will work with anyone who offers good terms, we'll work with ExxonMobil too." An Iraqi oil ministry delegation will visit Moscow on 10th May to discuss the deal. […]
By John Lee. Lukoil Chief Executive Officer Vagit Alekperov (pictured) has said that the Russian company expects to produce around 150,000 bpd of oil from the West Qurna-2 field by January: "The program of developing the oilfield infrastructure is proceeding according to schedule and work is ongoing at all the sites ... From 1st January […]
A state-owned Russian company is said to be in talks with Iraqi officials on the resumption of work at the Yusifiya power station of southern Baghdad. According to a report from AIN, a company identified as "Ross Tej" (sic) said: "The talks included the cooperation in the electric power sector and the possibility of resuming […]
LUKOIL has begun supplying computers and other equipment for schools of Madeina and Izzaldin-Salim municipalities under the social program of West Qurna-2 project. The program aims at developing facilities of educational, medical and sports institutions in the districts bordering on the contract area. This work is based on agreements concluded with the administrations of Madeina, […]
By John Lee. Iraq's Petroleum Contracts and Licensing Directorate (PCLD) has announced that seven international oil companies (IOCs) have been selected to bid for the development of its Nasiriya oilfield and refinery: Zarubezhneft, from Russia (Up and Downstream); CNPC, from China (Downstream); Brown Energy, from US (Downstream); Reliance Industries, from India (Up & Downstream); Lukoil, […]
By Ali Abel Sadah for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi government is awaiting the parliament’s approval of the 2013 federal budget to pay Russia the money owed for the weapons deal. Meanwhile, Iraqi and Russian officials have confirmed that […]
By John Lee. The Kurdistan Regional Government is reported to have signed new agreements with Gazprom Neft, the oil-producing subsidiary of Russian gas monopoly Gazprom. "We are satisfied with Gazprom Neft's work in the region. New agreements have been reached with this Russian company in recent days," KRG President Masoud Barzani (pictured) was quoted as […]
Russian Foreign Minister Sergey Lavrov hosted President Masoud Barzani in the Russian Foreign Ministry on Thursday for discussions on "bilateral relations" and the situation in Iraq and Syria. In today’s meeting, both sides emphasized the need to strengthen relations between Russia on the one hand and Iraq and the Kurdistan Region on the other. Foreign […]
Foreign Minister Hoshyar Zebari has participated in the first session meeting of the Arab - Russian Cooperation Forum in Moscow. The session was chaired by the Russian Federation Minister of Foreign Affairs, Sergey Lavrov. Present at the meeting were Hoshyar Zebari, Iraqi Minister of Foreign Affairs as Iraq is current President of the Arab Summit, […]
President Masoud Barzani departed from Erbil International Airport on Tuesday with a high-level delegation to make his first official visit to the Russian Federation. During the visit, President Barzani is expected to meet senior Russian officials to discuss a number of important matters, including relations between the Kurdistan Region and the Russian Federation, political developments […]
