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

Kurdistan

Rosneft CEO: Our deal with KRG will help Kurdistan Region economic infrastructure

By Rudaw 3/6/2017
Rosneft CEO Igor Sechin talking to Rudaw TV on his company's contract with the Kurdistan Region.
Rosneft CEO Igor Sechin talking to Rudaw TV on his company's contract with the Kurdistan Region.

SAINT PETERSBURG, Russia—Following the signing of a long-term strategic oil and gas contract between Erbil and Rosneft on Friday the CEO of the Russian company Igor Sechin says that the deal will help Kurdistan Region’s economic infrastructure.

 

Sechin told Rudaw that he will be visiting the Kurdistan Region in the near future and that Rosneft will be taking over five blocks for the extraction and production of oil.

 

Sechin said that the deal that was signed Friday and other projects will be the basis of cooperation between Rosneft and the Kurdistan Region for improving the region’s infrastructure.

 

Sechin who signed the contract with Kurdish Natural Resources Minister Ashti Hawrami said that the deal may be followed by other strategic projects.

 

Erbil and Moscow reached the agreement during a visit by Kurdish Prime Minister Nechirvan Barzani and a government delegation to Saint Petersburg to attend the economic forum.

 

Sechin said that the Kurdistan Region has been a good place for Russian companies such as Gazprom, Rosneft, Lukoil and others.

 

Following the signing of the contract Rosneft said in a statement: “The new agreements will allow to talk about full entry of the Company in one of the most promising regions of the developing global energy market with the expected recoverable reserves in the order of 45 billion bbl of oil and 5.66 trillion m3 of gas (according to the estimate of the Ministry of Natural Resources of Kurdistan Region). The agreements provide for further phased investments of Rosneft in Kurdistan Region,” read the statement.

4440 Views

Be Part of Your Rudaw!

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

What You Say

guest worker | 8/22/2017 7:58:00 PM
We know the Iraqi forces/militias have completely surrounded Tel Afar, so why are ISIS terrorists escaping in droves? and for some odd reason only...
Kurdish security detain alleged foreign ISIS militants fleeing Tal Afar
| 16 hours ago | (1)
dontbeidiot | 8/22/2017 4:01:19 PM
@Kurdo what a stupid comment. Alcohol is not outlawed in Kurdistan, there are liquor stores and bars in every town. This is a good decision. Energy...
Rekan | 8/22/2017 7:00:31 PM
First of all. The energy drink which is not allowed to be sold or distributed is only the one on the picture. All other energy drinks are totally ok...
Kurdistan bans Tiger energy drink
| yesterday at 09:00 | (7)
duroi | 8/22/2017 6:35:19 PM
We know the outcome of misguided support of US policymakers for Maliki regime, undermining the democratic principles of new Iraq and violation of...
Muraz Adzhoev | 8/22/2017 6:58:08 PM
Yes, if there is an appropriate resolution of the UN Securuty Council, providing the greater guarantee for reintegration and sovereign independence...
Barzani to Mattis: Referendum will go ahead if 'stronger alternative’ not offered
| 15 hours ago | (2)
KurdishGuy | 8/22/2017 11:56:56 AM
Congrats, and best wishes. Hope you win the contest.
Shilan | 8/22/2017 6:26:45 PM
May God’s blessings be always with you! Keep faith in Him and on your abilities
Kurdish woman in Erbil to compete in bodybuilding contest in Sweden
| yesterday at 01:35 | (3)

Elsewhere on Rudaw

Kurdish Peshmerga lure and kill 3 ISIS suicide bombers 55 minutes ago |

Kurdish Peshmerga lure and kill 3 ISIS suicide bombers

on Tuesday night nearby the village of Gol Ahmed more
Independent state for Iraqi Kurdistan benefits Turkey 1 hour ago |

Independent state for Iraqi Kurdistan benefits Turkey

Independent Kurdistan shall not simply be built more
0.391 seconds