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[size=36]Baghdad: We are close to signing a huge contract with "Gazprom" Russian[/size]
Economy | 03:38 - 10/09/2019
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BAGHDAD -
Gazprom and Baghdad are finalizing an agreement on developing energy fields in Ramadi, the capital city of Anbar province, and the Russian company is expected to invest $ 45 billion.
"We are finalizing all agreements on the development of oil and gas fields in the Ramadi area, and we believe that Gazprom's investments under these agreements will amount to about $ 45 billion," said Iraqi Deputy Foreign Minister Moayad Saleh.
Earlier, Russian Energy Minister Alexander Novak said that a number of Russian companies are interested in concluding oil and gas contracts to supply oil and gas equipment to Iraq, which is the second largest oil producer in the Organization of Petroleum Exporting Countries, with an average crude production of about 4.7 million barrels per day.
Gazprom is not the only Russian company to carry out oil projects in Iraq, where the companies "Stroy Trans Gas Oil" and "Ross Oil" and "Lukoil", the development of fields in Iraq, including "West Qurna 2", which is one of the The largest oil fields in the world, with proven reserves of about 14 billion barrels.
In September, Baghdad signed an initial contract with Stroy Trans Gas Oil to explore, develop and produce oil in energy fields in Anbar province, and the duration of the contract will be 34 years, according to the Iraqi Oil Ministry.
Gazprom and Baghdad are finalizing an agreement on developing energy fields in Ramadi, the capital city of Anbar province, and the Russian company is expected to invest $ 45 billion.
"We are finalizing all agreements on the development of oil and gas fields in the Ramadi area, and we believe that Gazprom's investments under these agreements will amount to about $ 45 billion," said Iraqi Deputy Foreign Minister Moayad Saleh.
Earlier, Russian Energy Minister Alexander Novak said that a number of Russian companies are interested in concluding oil and gas contracts to supply oil and gas equipment to Iraq, which is the second largest oil producer in the Organization of Petroleum Exporting Countries, with an average crude production of about 4.7 million barrels per day.
Gazprom is not the only Russian company to carry out oil projects in Iraq, where the companies "Stroy Trans Gas Oil" and "Ross Oil" and "Lukoil", the development of fields in Iraq, including "West Qurna 2", which is one of the The largest oil fields in the world, with proven reserves of about 14 billion barrels.
In September, Baghdad signed an initial contract with Stroy Trans Gas Oil to explore, develop and produce oil in energy fields in Anbar province, and the duration of the contract will be 34 years, according to the Iraqi Oil Ministry.
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