GAZPROM READY TO WITHDRAW
Russian oil company Gazprom Neft is continuing operations in Iraqi Kurdistan, but it is ready to evacuate employees, a representative told ITAR-TASS on Monday.
"The company has a plan involving personnel evacuation in case the situation deteriorates, but this is not happening now. The company is following closely how the events are unfolding in the region," the official said.
Islamic State guerillas who represent Iraqi religious minority Yazidis have continued moving towards the capital of Kurdistan Arbil by Monday with Bagdad unable to stop them even after a US intervention.
Gazprom Neft has exploration and development licenses for three deposits in the region, where it began drilling in early August 2014.
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Instead, with the planned referendum just days away, Russian state oil giant Rosneft announced its latest investment last week, to help Iraqi Kurdistan develop its natural gas industry, for domestic supplies and eventual export.
Iran exported over 5 billion cubic meters (bcm) of natural gas during the first five months of the current Iranian calendar year (March 21-August 22), Dispatching director of National Iranian Gas Company (NIGC) announced.
Gazprom Neft has shipped its second and largest cargo of Iraqi crude to the US since the Badra field, its flagship overseas oil project, came on stream in 2014, the Russian oil company said Tuesday.
Qatargas has agreed to sell 1.5 million tpy of LNG to Turkey’s BOTAŞ Petroleum Pipeline Corporation (BOTAŞ) over a period of three years