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Russia's Gazprom responds to news of the withdrawal of its projects from Iraq
- Time: 09/23/2021 10:45:29
- Reading: 1,144 times
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{Economic: Al Furat News} The Vice Chairman of the Board of Directors of the Russian company "Gazprom", Vadim Yakovlev, denied what is being circulated about the company's withdrawal of its projects from Iraq.
Yakovlev said in a press statement, that "the company is ready to expand cooperation, and this will happen only after reaching agreements on the company's operating conditions in the Badra field {in Wasit Governorate}," adding that "the option to withdraw from Iraq's projects is out of the question, but on the contrary, we are patient and optimistic." ".
He added, "There are opportunities to expand cooperation for additional activity, first of all in the Badra field, now about 50% of the reserves are being developed effectively, that is, exploration can continue in Badra and we are ready to do so, but for this we must first reform what we have already agreed in terms of Principle".
Yakovlev added that agreements with the Iraqi authorities exist and are necessary to continue developing the Badra field to recover the financial cost of the project, noting that “the absence of fixed agreements with Iraq regarding Badra may cause a decrease in production in the field, and in order to maintain this level of production and to increase it, we need more drilling".
Last June, Gazprom Neft expressed its desire to expand its work to develop Iraqi oil fields.
[You must be registered and logged in to see this link.]
{Economic: Al Furat News} The Vice Chairman of the Board of Directors of the Russian company "Gazprom", Vadim Yakovlev, denied what is being circulated about the company's withdrawal of its projects from Iraq.
Yakovlev said in a press statement, that "the company is ready to expand cooperation, and this will happen only after reaching agreements on the company's operating conditions in the Badra field {in Wasit Governorate}," adding that "the option to withdraw from Iraq's projects is out of the question, but on the contrary, we are patient and optimistic." ".
He added, "There are opportunities to expand cooperation for additional activity, first of all in the Badra field, now about 50% of the reserves are being developed effectively, that is, exploration can continue in Badra and we are ready to do so, but for this we must first reform what we have already agreed in terms of Principle".
Yakovlev added that agreements with the Iraqi authorities exist and are necessary to continue developing the Badra field to recover the financial cost of the project, noting that “the absence of fixed agreements with Iraq regarding Badra may cause a decrease in production in the field, and in order to maintain this level of production and to increase it, we need more drilling".
Last June, Gazprom Neft expressed its desire to expand its work to develop Iraqi oil fields.
[You must be registered and logged in to see this link.]
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