Rantburg

Today's Front Page   View All of Fri 05/30/2025 View Thu 05/29/2025 View Wed 05/28/2025 View Tue 05/27/2025 View Mon 05/26/2025 View Sun 05/25/2025 View Sat 05/24/2025
2005-10-03 Iraq
Russia Prepares To Return To Iraq
Russia plans to return to Iraq's oil sector. Russia's Soyuzneftegaz plans to begin development of Al Rafidayn oil field in Iraq by the end of 2005. Soyuzneftegaz chairman Yury Shafranik said the company's effort has been supported by the government in Moscow as part of its drive to restore relations between the two countries. "The company is making contacts with foreign partners about the project, in particular, with U.S. and UK partners," Shafranik told Itar-Tass in an interview. "This type of cooperation will allow the country to be quickly brought out of crisis." Shafranik said other Russian companies would also return to Iraq. He cited LukOil, which has sought to restore operation at Western Qurnah-2. LukOil was said to have formed an alliance with the U.S. firm ConocoPhillips.
Posted by Fred 2005-10-03 00:00|| || Front Page|| [11130 views since 2007-05-07]  Top










Paypal:
Google
Search WWW Search rantburg.com