This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.rt.com/business/517066-russia-investments-energy-projects-iraq/
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Russian investments in Iraqi energy projects exceed $10 BILLION | Russian investments in Iraqi energy projects exceed $10 BILLION |
| (6 months later) | |
| Cooperation between Russia and Iraq in the oil sector is “very active” in spite of all the restrictions and the impact of the Covid-19 pandemic, according to Russian Deputy Prime Minister Alexander Novak. | Cooperation between Russia and Iraq in the oil sector is “very active” in spite of all the restrictions and the impact of the Covid-19 pandemic, according to Russian Deputy Prime Minister Alexander Novak. |
| Novak, who previously served as Russia’s energy minister, met on Wednesday with Iraqi Oil Minister Ihsan Abdul Jabbar to discuss the prospects of the two countries’ oil and gas projects, as well as the situation on the global oil market. | Novak, who previously served as Russia’s energy minister, met on Wednesday with Iraqi Oil Minister Ihsan Abdul Jabbar to discuss the prospects of the two countries’ oil and gas projects, as well as the situation on the global oil market. |
| He noted the fruitful cooperation between Russia and Iraq in the oil sector, saying: “Our interaction is very active, despite the current restrictions and the impact of the coronavirus pandemic.” | He noted the fruitful cooperation between Russia and Iraq in the oil sector, saying: “Our interaction is very active, despite the current restrictions and the impact of the coronavirus pandemic.” |
| While talking about the existing projects by Russian oil firms in Iraq, Novak said: “Our companies are actively implementing a number of successful projects on the territory of the republic. To date, the accumulated investments of Russian oil and gas companies in Iraqi projects have exceeded $10 billion.” | While talking about the existing projects by Russian oil firms in Iraq, Novak said: “Our companies are actively implementing a number of successful projects on the territory of the republic. To date, the accumulated investments of Russian oil and gas companies in Iraqi projects have exceeded $10 billion.” |
| According to Russian First Deputy Chair of the Federation Council Committee on Economic Policy, Yury Fedorov, the companies plan to spend up to $20 billion on oil projects in Iraq. | According to Russian First Deputy Chair of the Federation Council Committee on Economic Policy, Yury Fedorov, the companies plan to spend up to $20 billion on oil projects in Iraq. |
| In 2019, Russia and Iraq resumed cooperation in energy infrastructure, and in the electricity sector in particular. Some Russian firms could help Baghdad with the restoration and development of electric power facilities, while negotiations are underway over the construction of thermal power plants using the assistance of Russian companies. | In 2019, Russia and Iraq resumed cooperation in energy infrastructure, and in the electricity sector in particular. Some Russian firms could help Baghdad with the restoration and development of electric power facilities, while negotiations are underway over the construction of thermal power plants using the assistance of Russian companies. |
| Iraq’s proven oil reserves stand at over 145 billion barrels, while gas reserves exceed 3.7 trillion cubic meters. | Iraq’s proven oil reserves stand at over 145 billion barrels, while gas reserves exceed 3.7 trillion cubic meters. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |
| Dear readers and commenters, | |
| We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system. | |
| Sorry for the inconvenience, and looking forward to your future comments, | |
| RT Team. |