By John Lee. Prime Minister Nouri al-Maliki has announced that scheduled non-stop flights between Baghdad and Moscow will resume in August. Azzaman reports that the agreement comes amid reports that Iraq is keen to expand its traditional ties with Russia, which was the country’s main supplier of arms, adding that an arms deal, which was […]
By John Lee. Russian oil company LUKoil has announced that its President, Vagit Alekperov (pictured), held talks in Moscow on Sunday with Iraqi Prime Minister, Nouri al-Maliki, and Iraqi Oil Minister, Abdul Karim Luaibi [Elaibi]. The parties discussed the progress of the West Qurna-2 development project, the company’s plans to develop Block-10, and other possible projects […]
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. On June 18, an Iraqi military source confirmed that the air force command will receive “Alligator” combat helicopters from Russia in the coming period. In a statement to Al-Monitor, the source, […]
By John Lee. Gazprom has said that it is interested in working further in the oil and gas sector in Iraqi Kurdistan. Following a meeting in St. Petersburg between the Russian company's Chairman, Alexei Miller [Alexey Miller] (pictured), and KRG President Massoud Barzani, Gazprom issued a statement saying, "in particular, the parties discussed the progress […]
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 […]
