Baghdad’s ire at Rosneft deal puts pressure on IOCs

Iraq has demanded that Russia’s Rosneft clarify its deal with the government of Kurdistan, which could be a bad sign for other players in the region Iraq has demanded that Russia’s Rosneft clarify its deal with the government of Kurdistan, which could be a bad sign for other players in the region.
By The Wildcat 1 November 2017 0 28211
Kurdish pro independence rally A rally of Kurdish independence supporters in September. (PA)

Baghdad’s demand that Rosneft must clarify its deal with the Kurdistan Regional Government (KRG) will have other IOCs shifting in their seats.

“We have demanded that [Rosneft] make this contract clear to us. The Russian energy minister emphasised [...] that all contracts signed by Russian companies [must] pass [Iraq’s] federal government and the oil ministry,” Iraqi oil ministry spokesman Asem Jihad told reporters. 

Rosneft announced the signing of agreements to explore and test production in five blocks on 18 October, two days after Iraqi forces moved into...

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