Russia Tightens Its Grip On Kurdistan Oil ...Middle East

Economy by : (OILPRICE) -
The oil-producing subsidiary of Russian state gas giant Gazprom, Gazprom Neft, has announced that it plans to launch a fourth well at the Sarqala field in Iraq’s semi-autonomous region of Kurdistan (KRI) in the first half of 2021. Not only will this consolidate its own foothold in the KRI but it will also do the same for Russia in the semi-autonomous region, following the effective takeover of its oil and gas pipelines in November 2017. It will also further open up the way for the exploitation of greater synergies for Russia across the whole…

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