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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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    Report: Iraq calls for activating economic and investment cooperation with Russia

    Rocky
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    Report: Iraq calls for activating economic and investment cooperation with Russia Empty Report: Iraq calls for activating economic and investment cooperation with Russia

    Post by Rocky Sun 28 Jan 2018, 3:29 am

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    2018/01/28 10:48


    (Encyclopedia of this day , news | [You must be registered and logged in to see this link.] ) -
    Economy News _ Baghdad


    According to media reports that Russian companies are looking anxiously investment in the Kurdistan region after the referendum on 25 September last, while the central government is trying to stimulate economic and investment cooperation with Russia, specifically in the field of reconstruction.


    "Russia's oil contracts with the Iraqi authorities in Baghdad and its investment agreements with Kurdish parties are at stake, That the company has signed contracts with the Kurdistan Regional Government to invest about $ 3 billion in the energy sector, at a time when the Iraqi authorities confirm that all deals concluded by Arbil without the approval of Baghdad is illegal.


    The report said that the Russian company delivered in November last year about $ 1.3 billion to the Kurdish government, under the contract as advance payments on oil supplies, used by the region to pay the debts of foreign companies operating on its territory, and will invest the remaining funds in infrastructure projects and the development of five oil fields .


    As confirmed by the central government in Baghdad more than once, it is in the solution of the oil contract concluded by the Kurdistan Regional Government with "Ross Oil", calling on the company to negotiate with the Iraqi authorities.


    On the other hand, Ambassador of Iraq to Russia, Haidar Mansour Hadi al-Athari, that "the embassy is currently working on an investment conference in Moscow to encourage Russian companies, to enter Iraq and participate in reconstruction," and that "Russian companies play an important role in the reconstruction In Iraq, especially as the country is thinking of a post-urging, pointing out that "relations with Russia for more than 72 years, as the majority of the infrastructure and electrical stations, roads and bridges in Iraq, Russia."


    The Russian Ambassador to Iraq Maxim Maximov, said earlier that "new prospects have emerged in front of Russian companies to work in Iraq, primarily the domestic gas sector," indicating the interest of Russian companies to enter a number of projects in this sector.


    Russian companies such as Gazprom Oil and Lukoil are contributing significantly to the Iraqi oil sector, he said, pointing out that Russian investments in this field reach 10 billion dollars, and that companies do not intend to stop at this limit only, And is interested in strengthening cooperation with Iraq.






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