US report: the future of Iraqi oil will be for Russia
11:30 - 16/11/2019
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Information / Translation…
Despite the ongoing protests in Baghdad and the departure of many Western diplomats for security reasons, Russia has stepped up its presence.Not only the Russian Embassy in Baghdad remained open, but its Foreign Minister Sergei Lavrov visited [You must be registered and logged in to see this link.]
Lavrov's visit was not part of a regular diplomatic tour, and no agreement was signed, but the majority of participants, including representatives from Russian oil and gas companies such as Gazprom Neft, Rosneft, Suizeneftegaz, and Lukoil, as well as representatives, said the report. From Technopromexport, a company that specializes in building energy facilities and also representatives of the Russian federal military-technical cooperation services.
"A source close to the Iraqi prime minister, who declined to be identified, said that the visit was limited to discussing bilateral trade relations only during the meetings," he said, adding that "the Russians wanted to make sure everything went smoothly with regard to projects of Russian energy companies in [You must be registered and logged in to see this link.]
" A source from Kurdistan confirmed the same information regarding the regional government.
"It is not surprising that after Russia spent 10 billion dollars in the Iraqi energy sector over the past nine years, Russia's interest in the country is mostly focused on trade concerns."
"Russian companies are already well represented among the oil companies in [You must be registered and logged in to see this link.]
. Due to the long-term nature of oil and gas contracts, its market share will increase over time. ”For example, in 2009, Lukoil won one of the first oil contracts for the West Qurna-2 development project in Basra. The project is scheduled to run for 25 years with a goal of producing 800,000 barrels per day by the end of 2024. Today, this field only produces an average of about 400,000 barrels per day, but it already represents 9 percent of [You must be registered and logged in to see this link.]
total crude oil production and 12 percent of its exports. Iraqi Oil.
“Other deals since 2011 include investments of $ 2.5 billion by Gazprom and its partners in central [You must be registered and logged in to see this link.]
and the Kurdistan region. , Russian company Stroitrgaz won a 34-year contract to explore for oil and gas in the province of Anbar, an agreement thanked Lavrov in particular [You must be registered and logged in to see this link.]
during his visit, according to a source in the Office of the Iraqi Prime Minister.
He added that `` Russia is not only interested in oil fields, but Rosneft owns 60 percent of the Kurdistan oil pipeline, the main operational export line in [You must be registered and logged in to see this link.]
, in the spring of 2018, Rosneft also announced the signing of an agreement with the Ministry of Natural Resources in the Kurdistan Regional Government to develop its structure Oil and gas infrastructure, including a new gas pipeline with an estimated export capacity of 30 billion cubic meters of gas per year. This amounts to about 6 per cent of total gas demand in Europe. ”
"Under this deal, Russia has gained a lot of political power in [You must be registered and logged in to see this link.]
where oil accounts for about 96 percent of [You must be registered and logged in to see this link.]
's exports , but without a pipeline to export, oil has no value for the country, " said an Iraqi politician who declined to be identified . So now Russia mainly controls this export. ”
The report pointed out that “Russian influence on oil in [You must be registered and logged in to see this link.]
Syria is not only a long-term economic blow to the United States, but also a political blow. Oil is the main currency in these two countries, so whoever controls it has a major role in the geopolitics of the region. ” Finished / 25 z