Sign In / Up

Add contribution as a guest

Your email will not be displayed publicly
Benefit of signing in/signing up to personalize comment

Comment as a guest

Your email will not be displayed publicly
Benefit of signing in/signing up to personalize comment

Login

Not a member Register   Forgot Password
or connect using
 

Email

 

Rudaw

Business

KRG signs pre-financed oil deal with Russia’s Rosneft

By Rudaw 21/2/2017
The deal with Rosneft is for a two-year period, from 2017 to 2019. Photo: Farzin Hassan/Rudaw
The deal with Rosneft is for a two-year period, from 2017 to 2019. Photo: Farzin Hassan/Rudaw
ERBIL, Kurdistan Region – The Kurdistan Regional Government (KRG) has signed a pre-financed contract with Russia’s state oil company Rosneft for the export of Kurdish crude oil. 

“This deal represents a new beginning in our relationship with Rosneft and opens up the possibility of a broader relationship in all fields of energy cooperation with Russian Oil company Rosneft within Kurdistan,” the Kurdish Minister of Natural Resources Dr. Ashti Hawrami stated, according to a press release from Rosneft. 

Rosneft’s CEO Igor Sechin said his company was looking forward to developing new international markets for Kurdish crude oil. 


“The off-take and supply of Kurdish crude oil into Rosneft’s expanding worldwide refining system will further contribute to the increase in its effectiveness,” Sechin said.

According to the November oil production and export report from the KRG, the Region has exported an average of 587,646 barrels of oil per day through Turkey’s Ceyhan port.

The deal with Rosneft is for a two-year period, from 2017 to 2019.

Comments

 
nooz maker | 21/2/2017
keep them comin them goood noooozzz yo seriously very good news for krg energy sector.
2661 Views

Be Part of Your Rudaw!

Share your stories, photos and videos with Rudaw, and quite possibly the world.

What You Say

Kurd supporter but not for long, in the UK | 11/23/2017 9:02:03 AM
UK is the source of all evils? GO TO HELL yourself. I'd love to hear this explanation! Go on! How many Kurds have we welcomed to the UK and they live...
boris fanclub | 11/23/2017 10:30:04 AM
i will not complain as long uk is bitch slappin iranian mullahs left right center. GOD SAVE THE MIGHTY AWESOME QUEEN.
Boris Johnson: 'Serious effort' underway to bring Erbil, Baghdad to table
| 18 hours ago | (5)
Shkak | 11/23/2017 7:22:49 AM
They are still dividing and conspiring in the search of power and greed. They are traitors.
Discussions | 11/23/2017 7:39:44 AM
The two parties are discussing how to distribute among themselves the benefits of their treason of October 16 .
Gorran and PUK discuss 'interim government' in meeting
| 16 hours ago | (3)
IranMan | 11/23/2017 2:41:15 AM
I certainly agree with the commneter above. This pic shows one of Khamenei's rent-a-crowds cheering him on. Instead we should have been looking at a...
Kurdo | 11/23/2017 7:21:23 AM
IranMan why the separist thinking? Joomori eslami e Iran was founded by Israel. They even supported you against Saddam. Mullah Iran is a zionist...
More must be done to aid earthquake victims, says Iran's Supreme Leader
| 20/11/2017 | (4)
Outsider | 11/23/2017 4:59:03 AM
At the end of the day... just speculations... if the peshmerger do not want to talk about them.. my understanding would be they know who this group...
dan | 11/23/2017 5:39:38 AM
What group? you found nothing. You have not one shred of evidence. could be aliens, could be germans, could be anything.. we and you will never know...
Rudaw’s field investigation into unknown armed group which emerged in Tuz Khurmatu
| yesterday at 01:43 | (3)

Elsewhere on Rudaw

Boris Johnson: 'Serious effort' underway to bring Erbil, Baghdad to table 18 hours ago | (3)

Boris Johnson: 'Serious effort' underway to bring Erbil, Baghdad to table

PM Barzani received a letter from UK FM, more
New Yezidi mass grave found in Shingal 22 hours ago | (1)

New Yezidi mass grave found in Shingal

The mass grave contains the bodies of 73 people more
Rudaw’s field investigation into unknown armed group which emerged in Tuz Khurmatu yesterday at 01:43 | (3)

Rudaw’s field investigation into unknown armed group which emerged in Tuz Khurmatu

There are Kurds, Arab, English speaking people more
0.171 seconds