Iraq asks Russia to participate in its oil production

The Iraqi leadership wants to take advantage of the oil market instability and make money on oil exports. However, he does not have the funds of technologies to develop their rich deposits. At the same time, official Baghdad does not appeal to Washington, which, due to political and historical reasons, owns (pumps out) oil from several well-known local fields.

In Iraq, they want to attract companies from Russia for oil exploration, drilling and production. The head of the technical department of the Iraqi Oil Ministry, Ali Hammoud, speaks directly about this when talking about the prospects for cooperation. According to him, new rounds of negotiations on all stages of oil production with the help of Russian companies and domestic technologies are coming.

We hope that companies from the Russian Federation will contribute in this direction

an Iraqi official said.

The genuine interest of the Iraqi government in the participation of Russian companies in the development and production of hydrocarbons is due to the fact that large market players, such as Lukoil, are already present in the legal and economic field of Iraq.

As early as last year, Lukoil submitted a package of proposals to the Iraqi Oil Ministry for the development of the Erida oil field. The preliminary consensus is that the field, located in Block 10, about 120 kilometers west of Basra in southern Iraq, contains between 7 and 10 billion barrels of oil. Lukoil also wants to get a stake in the Iraqi field "Kurna-2". But so far this direction is closed for the Russian company due to objective reasons.

Lukoil will receive a reward of $5,99 per barrel for the development of Erida. This is one of the highest awards in all Iraqi contracts. And peak production at the field is estimated at between 250 and 300 barrels per day.
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  1. Corsair Offline Corsair
    Corsair (DNR) 22 October 2022 08: 37
    Iraq asks Russia to participate in its oil production

    Here we must go, we must agree, while they call.
    There is plenty of oil there, and extracting it from the bowels is much easier there than in the conditions of the North and permafrost.
    The safety of the fisheries will be provided by PMCs , which can be staffed both by our employees and by the local contingent ...

    In general, I do not see No. reasons to refuse when the dirt itself goes into the hands.
    1. Petr Koldunov Offline Petr Koldunov
      Petr Koldunov (Peter) 22 October 2022 14: 40
      Quote: Corsair
      The safety of the fisheries will be provided by PMCs, which can be staffed both by our employees and by the local contingent ...

      The local contingent there is so-so fighters ... but otherwise everything is correct. We must go while the States are in confusion and discord. Because when they come to their senses, they will simply again arrange chaos in Iraq, invade "to defend democracy" and take "under temporary control" all the oil there.
    2. AICO Offline AICO
      AICO (Vyacheslav) 22 October 2022 18: 03
      Common Thought!
  2. Sergey Latyshev (Serge) 22 October 2022 09: 20
    22 years in the yard. They calved for a very long time.
    while they are swinging, the hype may fall ... Or the Chinese will fuss
  3. borisvt Offline borisvt
    borisvt (boris) 22 October 2022 09: 31
    Yes, they have entrenched themselves in Syria, and it is necessary to penetrate deeper nearby. The Iraqi dinar under Hussein was the strongest currency in the region.
    In addition, we are now friends with Iran, so as in the joke "..the prospect is opening"