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.

Be Part of Your Rudaw!

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

What You Say

THE KURDISH BOY | 5/25/2017 6:33:52 AM
It is obvious that both the PUK and Gorran are certain that if they oppose the referendum they will be thrown out of the Kurdish landscape . Welcome...
PLINY THE KURD | 5/25/2017 6:45:29 AM
Everyone should have realized by now that Trump is by far less commited to one Irag cult than Obama. Obama was viscerally an anti-kurd. Trump is a...
What Might a Post-Referendum Kurdish Strategy Look Like?
| yesterday at 08:20 | (3)
Reber | 5/24/2017 5:50:36 PM
I say we solve this like their Turkish brothers in Turkey. We start by taking away all their religious cultural and political rights and demand they...
Kurdo | 5/25/2017 3:59:30 AM
Erdogan is doing all he can against Kurds, but some Kurdish leaders are still obeying him. As long as we have this mentality with leaders only...
Turkmen parties not flying Kurdistan flag in Kirkuk
| 24/5/2017 | (4)
ayub | 5/24/2017 4:20:08 PM
Ayub this guy has feed you a very biased story. -the first Somaliland did suffer at the hands of the dictator called siad barre but what he didn't...
Luke | 5/25/2017 2:21:03 AM
Somalia was divided into 4 different territories in the colonial land grab of former times .Brittan , France and Italy all took parts . French...
Why Somaliland split from Somalia, state-building and struggle for recognition
| 22/5/2017 | (10)
Guest | 5/24/2017 8:43:19 PM
I am waiting to hear very soon, in one of these days, that Turkish president Erdogan (out of anger and sadness) either has hanged himself or has died...
Hejar | 5/25/2017 1:05:20 AM
Ankara can go **** itself. Kurdistan is rising and genocidal Turkey will be next. Erdogan is learning the hard way that the only people he has...
Over 100 trucks loaded with US arms, ammo arrive in Syria’s Rojava - Turkish media
| 24/5/2017 | (5)

Elsewhere on Rudaw

Second patient dies following liver transplant by visiting American team 2 hours ago |

Second patient dies following liver transplant by visiting American team

Second patient was in a coma since the surgery on more
Peshmerga announce blood donor campaign yesterday at 11:54 |

Peshmerga announce blood donor campaign

A mobile team from a state-run center will visit more
Iraqis demonstrate against Bahrain’s raid on cleric’s home 24/5/2017 |

Iraqis demonstrate against Bahrain’s raid on cleric’s home

Five people killed in Bahrain's anti-government more
0.578 seconds