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KURDISTAN CHIEF SAYS GAZPROM NEFT SIGNS NEW OIL DEAL-IFAX - REUTERS
TERT.AM
09:10 ~U 20.02.13
The president of the Kurdistan Regional Government (KRG) was quoted on
Tuesday as saying that the autonomous region of Iraq had signed new
agreements in recent days with Russia's fifth-largest oil producer,
Gazprom Neft, Reuters reports.
The deals may increase friction between KRG and Baghdad, which
insists that only it has the authority to grant oil contacts and
control crude exports in the country.
"We are satisfied with Gazprom Neft's work in the region. New
agreements have been reached with this Russian company in recent
days," Masoud Barzani was quoted as saying by news agency Interfax,
which didn't report any details.
A spokesman for Gazprom Neft, the oil arm of world's top oil company,
Gazprom, declined to comment.
Gazprom Neft acquired interests in two Kurdistan blocks last August.
That followed moves by international oil firms to develop fields in the
autonomous region that angered the central Iraqi government in Baghdad.
The Russian company also has a contract for the Badra oilfield,
controlled by the government.
Industry insiders have said that Kurdistan offers more lucrative
conditions - under production sharing agreements - than the central
government.
TERT.AM
09:10 ~U 20.02.13
The president of the Kurdistan Regional Government (KRG) was quoted on
Tuesday as saying that the autonomous region of Iraq had signed new
agreements in recent days with Russia's fifth-largest oil producer,
Gazprom Neft, Reuters reports.
The deals may increase friction between KRG and Baghdad, which
insists that only it has the authority to grant oil contacts and
control crude exports in the country.
"We are satisfied with Gazprom Neft's work in the region. New
agreements have been reached with this Russian company in recent
days," Masoud Barzani was quoted as saying by news agency Interfax,
which didn't report any details.
A spokesman for Gazprom Neft, the oil arm of world's top oil company,
Gazprom, declined to comment.
Gazprom Neft acquired interests in two Kurdistan blocks last August.
That followed moves by international oil firms to develop fields in the
autonomous region that angered the central Iraqi government in Baghdad.
The Russian company also has a contract for the Badra oilfield,
controlled by the government.
Industry insiders have said that Kurdistan offers more lucrative
conditions - under production sharing agreements - than the central
government.