ERBIL, Kurdistan Region – Russian oil and gas giant Gazprom announced a 25 percent increase in oil production at its Sarqala oil field in Kurdistan Region’s Garmiyan area on Thursday. A third well, Sarqala-3, has brought production in the field up to 35,000 barrels daily.
“The Middle East remains an area of strategic interest to Gazprom Neft, being a region with a rich resource base, and a demonstrable willingness to allow access to investors,” deputy CEO Vadim Yakovlev said.
Gazprom Neft shares ownership of the field with WesternZagros and the Kurdistan Regional Government (KRG). It also has majority ownership of the Region’s Shakal block.
The KRG has said they are keen to expand their relationship with Gazprom, which also has operations in southern Iraq.
“The Middle East remains an area of strategic interest to Gazprom Neft, being a region with a rich resource base, and a demonstrable willingness to allow access to investors,” deputy CEO Vadim Yakovlev said.
Gazprom Neft shares ownership of the field with WesternZagros and the Kurdistan Regional Government (KRG). It also has majority ownership of the Region’s Shakal block.
The KRG has said they are keen to expand their relationship with Gazprom, which also has operations in southern Iraq.
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